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

1,000

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tem

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y

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y

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2015 2016 2017 2018 2019

NUMBER OF CLOSED SALES IN CENTRAL INDIANA, BY MONTH

0

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60Ja

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2015 2016 2017 2018 2019

NUMBER OF CLOSED SALES IN MARTINSVILLE, BY MONTH

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Jan

uar

y

Feb

ruar

y

Mar

ch

Ap

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e

July

Au

gust

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tem

be

r

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ob

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vem

be

r

De

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Jan

uar

y

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Mar

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Ap

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e

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Au

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tem

be

r

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ob

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y

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y

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r

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Jan

uar

y

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y

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July

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tem

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r

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De

cem

be

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Jan

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y

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y

Mar

ch

Ap

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May

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Au

gust

2015 2016 2017 2018 2019

MEDIAN SALE PRICE IN CENTRAL INDIANA, BY MONTH

0

2,000

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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

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

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Sep

tem

be

r

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ob

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be

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De

cem

be

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Jan

uar

y

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y

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Ap

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gust

2015 2016 2017 2018 2019

MEDIAN SALE PRICE VS. ACTIVE INVENTORY - CENTRAL INDIANA

MED_SP$ ACT_INV

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y

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y

Mar

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Jan

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y

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y

Mar

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tem

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r

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ob

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be

r

De

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be

r

Jan

uar

y

Feb

ruar

y

Mar

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Ap

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May

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e

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Jan

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y

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Au

gust

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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y

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y

Mar

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tem

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De

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be

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Jan

uar

y

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ruar

y

Mar

ch

Ap

ril

May

Jun

e

July

Au

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gust

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??