I wanted to share the below 7 Takeaways from last month’s Housing Market from the Indiana Association of Realtors.
If you are considering making a move this year, we are seeing some positive trends as we head into Spring. I am a phone call / text (317 625-0655) away to talk specifics.
For the full report, Click Here to download “Seven Takeaways from January 2023”
NAR (National Association of Realtors) conducts an annual survey of home buyers and sellers who recently completed a transaction within the last 12 months.
One highlight that did not surprise me a bit was that BUYERS ARE MOVING FURTHER. The median distance purchasers moved from their previous homes reached an all-time high of 50 miles. Historically, the median distance moved has been between 10 and 15 miles.
Why the huge uptick? Buyers are being driven to the market to be closer to family and friends, with affordability at the top of their minds. Small towns and rural areas are now being considered as inventory is low.
When you are ready, know that our service territory ➡️extends from Columbus and Brown County on the south to Tipton up north and from Greencastle to New Castle. L👀 k at that map! In recent years, we have sold homes in counties all over central Indiana.
Regardless of where you want to move— we can help you get the job done right. We work harder to make good things happen!
Gone (I say) gone are the days when a Buyer had to waive inspections and appraisals and pay all of their own closing costs. The market we are standing in is totally different. Having appraisals and inspections done are now standard practice, as it should be. These practices put safeguards in place for all parties and keep everyone honest. And asking the Seller to do repairs or pay for some of the Buyer’s closing costs is definitely on the table.
With that being said, now MORE DEALS ARE BEING MADE. We just closed on one and have a few in the making. For lots of reasons, You need an Expert in your Corner! Give me a call/text (317) 625-0655 to see what we can do for you!
For more on this chart/report, click the link
