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 Housing Activity Slow Through May, But Showing Promise
Housing data released by MIBOR this week shows an overall increase of sale prices in the central Indiana housing market with decreases in closed and pending sales. Housing experts reiterate the need for more inventory and point out that some pockets are very active with properties moving fast in an environment of multiple offers and short selling times.
“Conditions are very good, particularly with low interest rates and strong pricing, but we would have hoped for stronger closed numbers in May,” said Janet Jernigan, 2014 MIBOR president. “Our battle cry really is to get those potential sellers to jump into the market. The demand for their homes exists. Buyers are waiting for the right properties to open up.”
The average sales price of homes increased by 4.1 percent to $171,753 in the three-month comparison and increased by 2.1 percent to $175,903 in the May-only comparison. Median sales prices increased by 3.8 percent to $137,500 in the three-month comparison and increased 1.4 percent in May to $140,000. New listings increased by 1.2 percent in the three-month comparison. The number of closed sales in central Indiana decreased by 8.6 percent in the three months ending in May 2014 when compared to the same three-month period last year. In May alone, closed sales decreased by 9 percent.
Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. Brown, Hancock, Johnson and Montgomery counties outperformed the region in sales activity while Boone, Hendricks, Montgomery and Shelby counties led the region in price gains.
In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. Click here to download the Monthly Indicators report. 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.
Active Transportation: Communities increase walking and biking with targeted strategies
It’s the term used to describe the degree of connectedness within a transportation network.
For traffic engineers, city planners and developers, connectivity is measured by intersections between streets, roads and rails. The better the connectivity, the more accessible and less isolated a community can be. The less connected community is more isolated and less accessible.
More than ever, accommodations for bike lanes and sidewalks are being included in the push for connectivity as the number of people riding bikes and walking — whether it’s to work or to play — increases.
Two surveys, which both show increased walking and biking statistics, track Americans’ modes of transportation: the National Household Travel Survey and the American Community Survey. Click here for more.