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MIBOR Home Base - December 2013

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About MIBOR:


The Metropolitan Indianapolis Board of REALTORS® is the professional association
representing central Indiana’s REALTORS®. MIBOR serves the needs of more than 6,000 members in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Montgomery, Morgan and Shelby counties. MIBOR also supplies BLC® listing service to REALTORS® in Decatur, Madison and Putnam counties.

Contact Us:

Chris Pryor

Director of Member
& Industry Advocacy
317/956-5240

Follow me on Twitter: @cpryor1912 

Lex Fay
Political Affairs Liaison
317/956-5250


Sara Laycock

Economic and Community Development Liaison
317/956-5258



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 Welcome to Home Base!
Home Base is brought to you by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) and is designed to be a resource with the latest updates on  home sales and  issues important to REALTORS®, homeowners, and communities in central Indiana.  



Central Indiana Housing Sales Pace Slows, Prices Get a Lift
Housing data released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) today shows a slower pace of closed and pended sales through November 2013 with a continued bump in pricing. As expected, the decrease in pended sales witnessed in October resulted in less robust closed sales for November with closed sales down 3.9 percent for the month; the first decrease of 2013. Closed sales are strong across the year however, up 18 percent for the last 12 months and up 5.4 percent in the quarter ending in November. 

Home prices maintain a steady climb with median sales price up 5.4 percent for the quarter, and up 4.8 for the month of November.  Average sales increased 5.7 percent in November and 5.1 percent for the quarter ending in November. The current average sales price in central Indiana is $168,342; median sales price is $132,000. Inventory is at an even five months. Throughout the area Boone County had the strongest sales pace in November. 

“Watching the pending sales pace slow last month, we expected closed sales in November to follow suit,” said Rick Lux, 2013 MIBOR president. “It’s traditional to see less robust activity in the winter and holiday months, but it doesn’t dampen what has been a tremendously stabilizing year for buyers and sellers. Prices are strong and consumer confidence remains high. ”

Along with the full regional report, a one-page report of each county within the service area is also provided.

To download the regional report and one page county reports, click here

Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please click here


Façade Improvement Assistance Funds Available 
Do you know any building owners or tenants of a building in Marion County that can use a commercial building façade improvement? Check out the Small Business Façade Improvement Program available from LISC. Applications are due January 31st. Click here for the English app. Click here for the Spanish app.


Save the Date: Transit Day at the Statehouse, January 23
Transit advocates will once again take to the Statehouse to meet with legislators and show support for mass transportation.  Check with http://www.indianacat.org for details.


On Common Ground
Main Street USA: Revitalizing the Heart of Small Towns
Woodbine, Iowa, was like a lot of small towns. It was small and getting smaller. The population fell by 150 people between 2000 and 2010 — a trivial loss for a large city but a 10 percent tumble for tiny Woodbine, population 1,459.
Merchants in the downtown business district were turning out the lights. Meanwhile, enrollment in the local school district was ebbing to the point where consolidation with another district — an unthinkable blow to the town’s identity — seemed inevitable. Read more here.


The Vitality of Small Communities
America's history is a testament to the unique joys of living in small communities like the neighborly connection and sense of community often missing in larger metropolitan areas. Across the country, community leaders are joining together to bring new life back to small towns. They are doing it by focusing on smart growth that highlights the existing assets of a community — its history, culture and landscape — or by creating a new source of vitality, such as by encouraging artists to flourish or by undertaking creative placemaking.  Read more here



 


2013 MIBOR, 1912 N. Meridian St., Indianapolis, IN 46202 317­-956­-1912 www.mibor.com

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