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.
Director of Member
& Industry Advocacy
Follow me on Twitter: @cpryor1912
Political Affairs Liaison
Economic and Community Development Liaison
Central Indiana Residential Housing Market Off to a Strong Start in 2015
Housing data released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) this week reveals an aggressive start to the year in all areas of measurement. Closed sales rose 12.8 percent in January while increasing 8.4 percent for the three months ending in January. Sales prices increased somewhat – median sales price rose 1.2 percent in January and 3.0 percent for the three months ending in January. Average sales price rose by 2.0 percent in the monthly and quarterly analysis.
The most exciting news comes in the form of new listings and pending activity, as both bode well for strong February and March closings. The January activity may provide a needed buffer against the harsher weather of late winter. New listings jumped 23.9 percent January after their encouraging 13.1 percent increase in December. Pending sales rose 17.0 percent in January and 13.7 percent for the quarter ending in January. Months supply of inventory stagnates at the familiar 4.5 months. Months of inventory represents how long it would take to deplete existing inventory. Four to six months is considered equally favorable to buyers and sellers. Figures below four months indicate a “sellers” market. Over six months is considered more a favorable market for buyers.
Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. A review of county-level data reveals that Boone, Brown, Hendricks, Madison and Montgomery counties outperformed the region in price gains. Brown, Decatur, Hancock and Morgan counties outpaced the region in closed sales.
In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on February 18. 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
MY4Walls Blog Gives Inside Scoop on Home Ownership, Buying and Selling
Last fall, MIBOR 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!