residential real estate market 2019 · mibor realtor® association board president - 2019. our...

RESIDENTIAL REAL ESTATE MARKET 2019

JULIE DOWNEYMIBOR REALTOR® ASSOCIATIONBOARD PRESIDENT - 2019

OUR MISSION

MIBOR REALTOR® ASSOCIATION EMPOWERS MEMBERS AND STRENGTHENS THE MARKETPLACE IN CENTRAL INDIANA THROUGH: COLLABORATION, ADVOCACY, PROFESSIONALISM, EDUCATION, INNOVATION.

GOALS FOR 2018 – 2020

• ENSURE MARKET EFFICIENCY• STRENGTHEN OUR COMMUNITIES• PROMOTE PROFESSIONALISM• PRESERVE MEMBER RELEVANCY• BE THE DIFINITIVE SOURCE

WHO WE SERVE:• 7,900 REALTORS®• ABOUT 9,400 MEMBERS• 12 COUNTIES

WHO WE ARE:• 6 DISTRICTS• 16 DIRECTORS• 29 STAFF MEMBERS

MIBOR REALTOR® ASSOCIATION

MIBOR MARKET INSIGHTS

0

500

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2015 2016 2017 2018 2019

NUMBER OF CLOSED SALES IN CENTRAL INDIANA, BY MONTH

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2015 2016 2017 2018 2019

NUMBER OF CLOSED SALES IN MARTINSVILLE, BY MONTH

$0

$50,000

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2015 2016 2017 2018 2019

MEDIAN SALE PRICE IN CENTRAL INDIANA, BY MONTH

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$0

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Jan

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y

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y

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e

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be

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y

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2015 2016 2017 2018 2019

MEDIAN SALE PRICE VS. ACTIVE INVENTORY - CENTRAL INDIANA

MED_SP$ ACT_INV

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2015 2016 2017 2018 2019

ACTIVE INVENTORY AND NEW LISTINGS - CENTRAL INDIANA

ACT_INV NEW_LST

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

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2015 2016 2017 2018 2019

ACTIVE INVENTORY AND PERCENT OF ASK RECEIVED

ACT_INV PAR%

HOUSEHOLD FORMATIONS

HAVE CHANGED OVER TIME.

OUR HOUSING PRODUCT HAS NOT

THERE IS AN INVERSE

RELATIONSHIP BETWEEN NEW CONSTRUCTION AND INCOMES

FEWER RESIDENTS PREFER

RESIDENTIAL ONLY

NEIGHBORHOODS

NEIGHBORHOOD QUALITIES AND AMENITIES ARE IMPORTANT TO

CONSUMERS

BUT IT’S IMPORTANT

TO STAY WITHIN BUDGET

MIBOR’S COMMITMENT TO QUALITY OF PLACE – BOONE COUNTY (LEBANON)

MIBOR’S COMMITMENT TO QUALITY OF PLACE – BROWN COUNTY (NASHVILLE)

• WWW.MIBOR.COM/RESEARCH

• WWW.MIBOR.COM/MARKETINSIGHTS

QUESTIONS??