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
January Housing Data Reveals Slower Pace, Strong Prices
Housing data released this week by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) shows an increase in sales prices in the central Indiana housing market with a noticeably slower pace in closed sales. In central Indiana, the average sales price of homes increased by 8.7 percent to $170,041 in the three-month comparison and increased by 9.4 percent to $162,787 in the January-only comparison. Median sales prices increased by 4.7 percent to $130,893 in the three-month comparison and increased 4.8 percent in January to $125,750.
The number of closed sales in central Indiana decreased by 1.8 percent in the three months ending in January 2014 when compared to the same three-month period last year. In January alone, closed sales decreased by 13.8 percent. Pending sales decreased by 12.4 percent in the three months ending in January and decreased by 22.6 percent in the one-month comparison.
Boone, Hamilton, Hendricks, Johnson and Shelby counties all outperformed the region as a whole in price gains.
Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. To download, 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
2013 National Community Preference Survey
The National Association of REALTORS® released the results of their 2013 Community Preference Survey, and Americans made two things very clear: They want to live in walkable neighborhoods and they care more about neighborhood than house size when deciding where to live. Learn more about the nationwide results here. See how the their results compare to the local Community Preference Survey completed in 2012 by MIBOR and the Indianapolis MPO here.
Foreclosures Fell in 2013
According to the 4th Quarter Foreclosure Report issued by the Metropolitan Indianapolis Board of REALTORS® (MIBOR), the percentage of new foreclosure listings fell to 14.3 percent of central Indiana’s housing market. This compared to 20.4 percent in the 4th quarter of 2012. Click here for full report of the central Indiana foreclosure market.
Near Eastside Impact Study Highlights Neighborhood Transformation
In 2012, MIBOR members donated $500,000 and partnered with several local organizations to lift up an emerging neighborhood in a project called Building a Living Legacy: Centennial Project. The Building a Living Legacy housing initiative was one component of the larger 2012 Indianapolis Super Bowl Housing Legacy project, which involved a series of major capital investments across Indianapolis' Near Eastside. Two years later: what was the result? what was the impact? Click here for the full report.
Community Development Spotlight: Mid-North Quality of Life Plan
REALTORS® are committed to nurturing healthy communities, identifying the barriers to neighborhood cooperation and developing strategies to improve quality of life in central Indiana. As part of this effort, MIBOR and its members work directly with numerous neighborhood groups, community organizations, government officials and others to help develop active and sustainable communities. MIBOR is proud to support the efforts of the Mid-North Quality of Life Plan in Indianapolis. Now entering the third year of the plan implementation, REALTORS® have even more opportunities to get involved with the various neighborhoods. Learn how years of dedicated planning and implementation are transforming neighborhoods for current and future residents by visiting www.MidNorthPlan.org.
State Announces Plan to Deal with Blighted Properties
On February 3, 2013, Lieutenant Governor Sue Ellspermann announced that $75 million in federal funding be available to help Indiana take a significant step toward rebuilding communities that have fallen on hard times. The Blight Elimination Program will provide funding to local agencies to tackle foreclosure prevention initiatives and demolish vacant and abandoned properties. The Indiana Housing and Community Development Authority estimates the money can help tear down 4,000 blighted homes in the state. Read the full story from Inside Indiana Business here.
Municipal leaders can apply for community funds by visiting www.877gethope.org/blight.