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Central Indiana Housing Market - First Quarter Update

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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 6,500 members in Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Marion, Montgomery, Morgan and Shelby counties. MIBOR also supplies BLC® listing service to REALTORS® in 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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Central Indiana Has Strong First Quarter Housing Market, All Eyes on New Listings 

Housing data released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) this week shows increases in all areas for March and the first quarter of 2015. The last few month’s new listings and pending sales created a 13.8 percent increase in closed sales in March and a 13.1 percent increase for the quarter ending in March. Sales prices continue to gain traction. Median sales price increased by 4.4 percent in March, bringing the three month increase to 4.6 percent. Average sales price rose 6.7 percent for the month and 5.9 for the three months ending in March. The current average sales price is $175,991 and median sales price is currently $140,000.
 





New listings slowed dramatically rising only 0.5 percent in March. Pending sales, while still strong increasing by 9.5 percent, slowed from the dramatic double digit jumps earlier in the year. Months supply of inventory – the amount of time for all available inventory to be depleted – dropped slightly to 4.5 months of available homes for sale.  

Decatur, Hendricks, Johnson, Montgomery, Morgan and Shelby counties outperformed in price increases compared to the region as a whole. Closed sales activity was stronger than the region in Hancock, Johnson, Marion and Putnam counties. Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. To download the Monthly Indicators report, click here. To view the 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.

 
 

 


Tech’s Place in Urban Growth
Innovation Districts Play an Important Role in Developing City Spaces
By Christine Jordan Sexton, On Common Ground

For revitalization efforts to take hold, innovation districts must play a role. Read more here.



MY4Walls Blog Gives Inside Scoop on Home Ownership, Buying and Selling
MIBOR recently launched a new blog to serve as a resource for potential buyers and sellers as well as new homeowners.New posts appear once to twice a week and cover a range of topics including staging your home, home maintenance tips, expert advice from local REALTORS® and much more. Subscribe today at www.mibor.com/my4walls and get the latest content emailed to you directly! Check out our fast growing archive at that link as well.


    





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