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 and Listings Increase, Closed Sales Decrease in June
Housing data released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) last week shows a continued increase in home prices in central Indiana with decreases in pending and closed sales. A welcome increase in new properties for sale was seen as new listings jumped by 6.5 percent in June and 2.1 percent in the last quarter. Months of Inventory decreased slightly in June to place the availability of properties at 5.6 months.
Median Sales Price for the quarter ending in May grew 3.9 percent to $142,900 compared to the same quarter last year. Average Sales Price grew 4.9 percent to $188,435 for the quarter ending in June 2014 compared to 2013.
Boone and Montgomery counties outpaced the region in price increases while Hamilton, Marion, Montgomery and Morgan counties outperformed the region in closed sales.
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 contact firstname.lastname@example.org.
MIBOR Awards Placemaking Grants to Help Improve Communities
MIBOR has received two $2,300 Placemaking micro-grants from the National Association of REALTORS® to help make the communities of Fortville and Historic Meridian Park better places to live and work by transforming unused public spaces into vibrant community places.
The Placemaking grants are intended to help REALTOR® Associations partner with others to plan, organize, implement and maintain placemaking activities in their communities.
MIBOR will use the funds to aid in the construction of a shelter in Historic Meridian Park’s pocket park and to transform a pedestrian alley walkway in downtown Fortville, with the help of Fortville Action Inc.
“REALTORS® live, work and volunteer in their communities and take immense pride in working to improve them,” said Janet Jernigan, president of MIBOR. “Placemaking can help foster healthier, more social and economically viable communities by addressing areas in need of improvement or redevelopment. It creates places where people feel a strong stake in their neighborhood and are committed to making things better. “As these destinations becomes more attractive and welcoming, nearby properties may also increase in value.”
Projects will be completed at both locations by the end of 2014. Construction of the shelter in Historic Meridian Park is set to begin this Fall. Work on the pedestrian walkway in Fortville will begin in August/September of this year.
For more information on Historic Meridian Park, visit www.historicmeridianpark.org. For more information on Fortville Action Inc., visit http://fortvilleaction.wordpress.com. To find out more about National Association of REALTORS® placemaking grants visit, realtoractioncenter.org/Placemaking.
Building Resilient Cities
By: Brad Broberg
On Common Ground
Cities like to brag about their glittering skylines, trendy neighborhoods and vibrant culture. The sexy stuff. But sexy won’t save a city from disaster. What matters most when calamity strikes is resilience.Click here for more.