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RESIDENTIAL REAL ESTATE MARKET 2019
JULIE DOWNEYMIBOR REALTOR® ASSOCIATIONBOARD PRESIDENT - 2019
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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
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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
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MIBOR MARKET INSIGHTS
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0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500Ja
nu
ary
Feb
ruar
y
Mar
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Ap
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Jun
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2015 2016 2017 2018 2019
NUMBER OF CLOSED SALES IN CENTRAL INDIANA, BY MONTH
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0
10
20
30
40
50
60Ja
nu
ary
Feb
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Mar
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July
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gust
2015 2016 2017 2018 2019
NUMBER OF CLOSED SALES IN MARTINSVILLE, BY MONTH
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$0
$50,000
$100,000
$150,000
$200,000
$250,000
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
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gust
Sep
tem
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Jan
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Sep
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De
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be
r
Jan
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y
Feb
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y
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May
Jun
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July
Au
gust
2015 2016 2017 2018 2019
MEDIAN SALE PRICE IN CENTRAL INDIANA, BY MONTH
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0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
Sep
tem
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r
Oct
ob
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No
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be
r
De
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be
r
Jan
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Sep
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De
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be
r
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
2015 2016 2017 2018 2019
MEDIAN SALE PRICE VS. ACTIVE INVENTORY - CENTRAL INDIANA
MED_SP$ ACT_INV
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0
2,000
4,000
6,000
8,000
10,000
12,000
14,000Ja
nu
ary
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
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Sep
tem
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r
Oct
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De
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be
r
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
2015 2016 2017 2018 2019
ACTIVE INVENTORY AND NEW LISTINGS - CENTRAL INDIANA
ACT_INV NEW_LST
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93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000Ja
nu
ary
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
Sep
tem
be
r
Oct
ob
er
No
vem
be
r
De
cem
be
r
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
Sep
tem
be
r
Oct
ob
er
No
vem
be
r
De
cem
be
r
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
Sep
tem
be
r
Oct
ob
er
No
vem
be
r
De
cem
be
r
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
Sep
tem
be
r
Oct
ob
er
No
vem
be
r
De
cem
be
r
Jan
uar
y
Feb
ruar
y
Mar
ch
Ap
ril
May
Jun
e
July
Au
gust
2015 2016 2017 2018 2019
ACTIVE INVENTORY AND PERCENT OF ASK RECEIVED
ACT_INV PAR%
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HOUSEHOLD FORMATIONS
HAVE CHANGED OVER TIME.
OUR HOUSING PRODUCT HAS NOT
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THERE IS AN INVERSE
RELATIONSHIP BETWEEN NEW CONSTRUCTION AND INCOMES
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FEWER RESIDENTS PREFER
RESIDENTIAL ONLY
NEIGHBORHOODS
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NEIGHBORHOOD QUALITIES AND AMENITIES ARE IMPORTANT TO
CONSUMERS
BUT IT’S IMPORTANT
TO STAY WITHIN BUDGET
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MIBOR’S COMMITMENT TO QUALITY OF PLACE – BOONE COUNTY (LEBANON)
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MIBOR’S COMMITMENT TO QUALITY OF PLACE – BROWN COUNTY (NASHVILLE)
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• WWW.MIBOR.COM/RESEARCH
• WWW.MIBOR.COM/MARKETINSIGHTS
QUESTIONS??