IAR Stats:
The residential sales numbers as of 9/30/11 for 91 of the state’s 92 counties are out. I like to compare Tippecanoe County to 1) the state as a whole, 2) Hamilton County (Noblesville/Carmel/Fishers) and 3) Monroe County (Bloomington). I compare year to year change in unit sales for the individual month (September), year to year change in year to date unit sales (year to date through 9/30) and the change in year to date median house price Here’s how they shake out.
For Tippecanoe County, unit sales in September were 22% above last year, year to date sales are 3% behind last year and the median sale price to date in 2011 is 2% greater than last year during the same period of time.
For the State, unit sales in September were 10% above last year, year to date sales are 3% behind last year and the median sale price to date in 2011 is 1% lower than last year during the same period of time.
For the Hamilton County, unit sales in September were 28% above last year, year to date sales are 3% above last year and the median sale price to date in 2011 is equal to the median sale price during the same period of time.
Finally, for our friends in Monroe County, unit sales in September were 19% above last year, year to date sales are 1% behind last year and the median sale price to date in 2011 is equal to the median sale price during the same period of time.
Clearly, the progress is slow, but it is progress, none the less.
Charlie
