MIBOR serves the needs of 7,000 members in Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Montgomery, Morgan and Shelby counties. MIBOR also supplies the BLC® service to REALTORS® in Madison and Putnam counties. MIBOR’s archive of housing data can be found at www.mibor.com.
Director of Member
& Industry Advocacy
Follow me on Twitter: @cpryor1912
Political Affairs Liaison
Economic & Community Development Liaison
REALTORS® Endorse Joe Hogsett for Mayor of Indianapolis
Last week, the Metropolitan Indianapolis Board of REALTORS® Political Action Committee (MPAC) announced its endorsement of Joe Hogsett for Mayor of Indianapolis.
“The MPAC Trustees have spent numerous hours interviewing political candidates running for office this year. Following the Primary filing deadline, we have supported and endorsed candidates within our 12 county service area who have demonstrated a commitment and willingness to advance REALTOR® friendly issues. These issues include, but are not limited to, quality of life improvements, responsible economic development, public safety, housing, schools and taxes,” said MPAC Chair Doug Dilling. “Joe Hogsett has made his vision for the City of Indianapolis clear and we believe his approach to solving our most important challenges is sound.”
“Joe Hogsett’s top priority of confronting violent crime, in addition to approaching economic and community development with a collaborative regionalist approach, is essential for improving our city,” said Doug Dilling. “Buyers and sellers consistently consider crime, education and the neighborhood environment when deciding where to live. Joe Hogsett brings an impressive background and skill set to the table and we are confident in his ability to lead and work in a bi-partisan manner.”
MPAC endorsement decisions are made by MIBOR members (REALTORS®, appraisers and affiliates) serving as MPAC Trustees. The Trustees volunteer their time to review candidate information, conduct personal interviews and decide which candidates to support based on nonpartisan criteria.
MIBOR Presents Political Poll at HobNob
MIBOR was pleased to partner with the Indy Chamber to present a political poll at their annual HobNob event in early September that reviewed voter opinions on local issues and candidates. Fighting crime and gang violence topped the list of issues voters were most concerned about and want elected leaders to address this year significantly outpacing job creation as a top issue. Fallout from the Religious Freedom Restoration Act continues to impact the view of voters on several levels. And outgoing Indianapolis Mayor Greg Ballard heads into retirement on a burst of popularity with 65 percent or respondents approving of the job he is doing as Mayor of Indianapolis.
In case you missed the event, a copy of the polling presentation can be seen here. If you have any questions or comments, please contact Chris Pryor at (317) 956-5240 or by email at firstname.lastname@example.org.
MIBOR Welcomes Denver Hutt
MIBOR is pleased to welcome Denver Hutt as Economic & Community Development Liaison. Hutt joins the MIBOR staff after overseeing the launch of The Speak Easy, central Indiana’s first collaborative workspace serving entrepreneurs. There she served as Executive Director responsible for strategic planning, operations, marketing and development. She is a graduate of the Stanley K. Lacy Leadership Series and is a 2015 Indianapolis Business Journal Forty Under 40 honoree.
Hutt joins the Member & Industry Advocacy team continuing to strengthen REALTOR® ties to economic and community development efforts and organizations throughout MIBOR’s service area. She will serve as liaison to MIBOR’s Economic Development Council.
You can reach Denver at (317) 956-5258 or by email at email@example.com.
Central Indiana Housing Remains Active, Pace Slows Slightly in August
Housing data released by the Metropolitan Indianapolis Board of REALTORS (MIBOR) this week shows continued increases in pending sales, closed sales, new listings and sales prices, albeit to a lesser degree than busy spring and early summer months of 2015. Pending sales increased 4.7 percent in the monthly comparison of August 2015 to the same period last year. In the quarter ending in August, pending sales climbed 7.8 percent. Closed sales increased by 3.9 percent as well in August and by 12.0 percent in the three-month review. New listings rose 4.7 percent in August after a decline the month before.
Sale prices also saw increases in both the one- and three-month reviews. The average sales price increased by 2.8 percent in August and 4.2 percent in the three-month review. Median sales price had a similar jump of 2.7 percent in August and 5.2 percent rise for the three months ending in August. Months of inventory stands at 4.9 months indicating the length of time it would take to sell all available inventory. A more balanced inventory level benefiting both buyers and sellers is closer to six months.
“August housing activity was encouraging although we are off the pace of the heavy activity we saw all spring and early summer,” said Kathy Hall, 2015 MIBOR president. She continued, “An unexpected jump in new listings in August is very encouraging. We know tight inventory has been an issue all year so late summer optimism by sellers eager to list their homes demonstrates we still have a very active marketplace.”
A number of counties outpaced the region as a whole in closed sales including: Boone, Decatur, Hendricks, Madison, Marion, Montgomery, Morgan and Putnam.
Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. 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.