Press Room - News Releases - MIBOR | Metropolitan Indianapolis Board of REALTORS®

Click on the links below for recent news from the Metropolitan Indianapolis Board of REALTORS®.

5/1/2008

New Market Snapshot Gives Public a Fresh Look at Data
MIBOR releases March 2008 housing data for central Indiana

INDIANAPOLIS–The Metropolitan Indianapolis Board of REALTORS® (MIBOR) is taking a fresh approach to housing statistics in central Indiana. The new statistical analyses released monthly by MIBOR will provide a more comprehensive snapshot of the local market in three-, six- and 12-month snapshots, and will allow for more accurate tracking of market conditions.

The new indicators will now include total sales volume, sold properties by price point and months of supply by county and price point while still reporting total units sold and pended, average sale price, median sale price and new listings.

"Our new monthly statistics format provides our members and area consumers data that gives an accurate look at market activity during key periods of time," said David Bickell, 2008 president of MIBOR. "The data now can show potential buyers and sellers the housing activity not only in their county, but also in their price point."

Key findings:

Total units sold January-March 2008 in central Indiana decreased by 15 percent from the same three-month period last year to 5,442. October 2007-March 2008 units sold decreased 16 percent from October 2006-March 2007, while units sold from March 2007-March 2008 decreased 10 percent from the same period in 2006-2007.
During January-March 2008, total units pended decreased 10 percent from the same period in 2007. The 6-month snapshot reflects a 13 percent decrease from October 2007-March 2008 to October 2006-March 2007. Units pended over the last year have decreased 9 percent from March 2006-March 2007.
Average months of supply for the central Indiana area is 8.4 months.
Average sale price from January-March 2008 decreased to $139,032 – which is a 3 percent decrease from the same period in 2007. October 2007-March 2008 average sale price decreased 4 percent and the 12-month comparison shows a 2 percent decrease from the same period in 2006-2007.

These statistics are based on data generated by MIBOR Apr. 22, 2008. Data is updated daily and can be accessed by calling 317-956-5232.

Graphs are available for download at www.MIBOR.com.

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This information has been provided by the Metropolitan Indianapolis Board of REALTORS® (MIBOR). MIBOR is the professional association representing central Indiana's REALTORS®. MIBOR serves the needs of more than 8,000 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.
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4/22/2008

National Survey Reports Consumer Confidence in Home Investment
More than three-quarters of homebuyers feel their home purchase was at least as good as an investment in stocks
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4/21/2008

Solutions to Homelessness Highlighted During 2nd Annual Event
REALTOR® Foundation Awareness Week activities focus on volunteerism and philanthropy
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3/24/2008

New Listings Increase, Pended Activity Closing the Gap
MIBOR releases February 2008 housing data for central Indiana
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2/27/2008

MEDIA ALERT: Local REALTORS® Invest $4,000 to Aide Hamilton County's Life Science Efforts
REALTOR® Community Investment Initiative Infuses $100,000 in Front-line Organizations to Improve Quality of Life for Central Indiana Residents
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2/27/2008

REALTORS® and Builders Examine Central Indiana's Property Tax Crisis at Local Housing Summit
7th-annual Central Indiana Housing Summit takes a hard look at the hot debate on the property tax reform issue
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2/22/2008

Housing Inventory Increases During January 2008
MIBOR releases January 2008 housing data for central Indiana
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2/21/2008

REALTORS®, CHAMBERS OF COMMERCE CALL SENATE AMENDMENT TO HOUSE BILL 1001 INTO QUESTION
Assessment System is Key to True Property Tax Reform, Hoosiers Urged to Not Let Issue Be Swept Under the Rug
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2/20/2008

MEDIA ALERT: Local REALTORS® Invest $5,000 in Shelby County Economic Development Effort
REALTOR® Community Investment Initiative Infuses $100,000 in Front-line Organizations to Improve Quality of Life for Central Indiana Residents
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2/20/2008

MEDIA ALERT: Local REALTORS® Invest $10,000 in Brown County Land Use Planning
REALTOR® Community Investment Initiative Infuses $100,000 in Front-line Organizations to Improve Quality of Life for Central Indiana Residents
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2/19/2008

MEDIA ALERT: Local REALTORS® Invest $25,000 to Help Revitalize Indy�s East-side
REALTOR® Community Investment Initiative Infuses $100,000 in Front-line Organizations to Improve Quality of Life for Central Indiana Residents
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2/5/2008

Chicago Title to provide three-year corporate sponsorship of REALTOR® Foundation
Sponsorship geared towards supporting local community partners serving central Indiana's homeless.
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2/4/2008

MIBOR Lauds Award-winning Central Indiana REALTORS® with Signature Ball and Silent Auction
MIBOR Ball celebrates new leadership while benefiting the REALTOR® Foundation's fight against homelessness
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2/4/2008

MEDIA ALERT: Local REALTORS® to Present Check to the Greater Lebanon Community Vision Committee
REALTOR® Community Investment Initiative Invests in Front-Line Organizations to Improve Quality of Life for Central Indiana residents
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1/28/2008

MIBOR Releases Fourth Quarter and Year-End Housing Data for 13 Central Indiana Counties
Market activity decreases from previous years
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1/8/2008

REALTOR® Foundation Greets 2008 with New Board, Officers
REALTOR® Foundation annouces new team
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