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, 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
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Political Affairs Liaison
Economic and Community Development Liaison
Central Indiana Home Prices Stay Strong, Closed Sales Trail
Housing data released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) this week shows a continued increase in home prices in central Indiana with decreases in pending and closed sales. Months of Inventory – a measure of active properties available for purchase – increased in August to place the availability of properties at 5.8 months. Four to six months is generally viewed as a viable amount for buyers and sellers.
Median Sales Price for the quarter ending in August grew 3.2 percent to $142,500 compared to the same quarter last year. Average Sales Price grew 5.2 percent to $176,068 for the quarter ending in June 2014 compared to 2013.
Hamilton, Johnson and Shelby counties all had a strong August and quarter, outpaced the region in median and average sales price increases and closed sales.
To download the Monthly Indicators report, highlighting central Indiana stats overall, click here
To view the one-page county reports, covering Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, and Shelby counties, 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 contact firstname.lastname@example.org.
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Sprawl Is Out; Compact Is In
by: David Goldberg, featured in On Common Ground, a publication of the National Association of REALTORS®
How does sprawl affect household pocketbooks and individuals? What about the impact on safety, transportation and retail? What does this mean for regions across the country? Find out here.