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.
Director of Member
& Industry Advocacy
Follow me on Twitter: @cpryor1912
Political Affairs Liaison
Economic and Community Development Liaison
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.
Local Market Review: Year Ends with Closing Gains
Housing data released by MIBOR Monday reveals the stabilizing trends throughout 2013 and a bump in closed sales for December and the 4th quarter. Closed sales increased 4.3 percent for the 4th quarter and increased 10.8 percent in December compared to the same periods in 2012. Pending sales are down; 10.3 for December and 4.5 for the quarter. According to the MIBOR Monthly Indicators Report, prices also made strong gains. Median sales price increased 5.4 in December and 4.8 percent in the 4th quarter compared in 2012. Average sales price grew more; 6.9 for the quarter and 10.5 percent in December. The current average sales price in central Indiana is $176,622; median sales price is $134,900.
Inventory is at its lowest point all year at 4.5 months. Boone and Hamilton counties saw a significant increase in Median and Average sales price in December. Boone County's Median sales price increased by 9 percent to $231,500, and the Average sales price increased 12.2 percent to $290,513. Hamilton County's Median sales price increased by 15.1 percent to $218,620 and the Average sales price increased by 18.4 percent to $282,088. Hancock County saw a 56.3 percent increase in Closed sales in December. Decatur Hamilton, Johnson, Madison, Marion, Montgomery, Morgan and Shelby Counties also saw an increase in Closed sales during December, when compared to December 2012.
The data was pulled from the BLC® listing service on January 17. To download the Monthly Indicators and 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.
Be a Part of 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. This day is dedicated to mass transit advocacy and provides transit supporters an opportunity to join others from around the state to meet with legislators, share information and build support for transit funding.
We are excited that the Central Indiana Transit Study Committee decided to keep transit moving forward; the more legislators hear our voices, the better the chance for a bill passing this session. Registration links and the event schedule can be found by clicking here.
By David Goldberg
Published in NAR's On Common Ground
After eons of frustration, Brandon Palanker thinks developers finally may have found the cure for the seemingly endless gauntlet of government hurdles, stakeholder pushback and last-minute neighbor uprisings that developers must handle to get a project permitted.
Palanker and his colleagues at Long Island, New York-based Renaissance Downtowns, where he is vice president of marketing and public affairs, stumbled on the “cure” in 2010 as they were embarking on a master plan to redevelop downtown Bristol, Conn. It came in the form of crowd-sourced design: using the Internet and social media as tools for maximizing the participation of the host community. Read more.