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.
Sara Laycock Economic and Community Development Liaison 317/956-5258
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Central Indiana Housing Ends 2014 on a High Note
Housing data released by MIBOR last week shows a strong increase in closed sales activity and stable pricing in December. Closed sales rose 13 percent in December alone while increasing 7.8 percent for the quarter ending in December. Quarterly sales prices also increased – median sales price by 3.7 percent and average by 3.8 percent. Prices for December were flat with median up 0.1 percent and average down .06 percent. The current average sales price in central Indiana is $175,522.
New listings also jumped in December and for the quarter signaling encouraging consumer interest leading into 2015. New listings increased by 13.1 percent in December and by 4.0 percent for the three months ending in December. Months supply of inventory dropped slightly to 4.5 months of available homes for sale. Months supply of inventory reflects the time it would take to sell all available properties currently listed. Housing experts routinely state four to six months as a healthy range for both buyers and sellers.
Boone, Brown, Marion and Putnam counties outperformed the region in closed sales in December. Aside from Hamilton, Madison, Putnam and Shelby counties, all counties outperformed the region in median and average price gains in December.
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. Click here to view the county reports.
If you have questions regarding the data, click hereand send us a message.
Shifting Patterns of Growth: Americans Return to Urban Life
Featured in the National Association of REALTORS® On Common Ground Winter 2015 issue Our country’s population isn’t just growing. It’s also shifting — between regions, states and cities and within them. The trends created by this ebb and flow are changing the dynamics of American demographics. More
Infographic: U.S. Employment Rates in 2014 The Bureau of Labor Statistics released their payroll employment numbers last week. Here is a quick look at what this could mean for the commercial and housing markets. More
2015 MIBOR, 1912 N. Meridian St., Indianapolis, IN 46202 317-956-1912 www.mibor.com