Buying

NOV 2021 | Market Insights Report

MIBOR just released November numbers for the Central Indiana housing market.  The raging fire that has been in the local housing market for the past couple of years subsided ever so slightly again in November.  It’s as if there was a light rain that fell last night, dampening the flames.

Prices, still running 12% stronger than a year ago, tapered off 2% from October.

Closed sales were up 5% from last November, but new listings were down a whopping 21% from October.  Put it all together, and available inventory was down 17% from a year ago, pulling the options belt even tighter.

Days on the market have started to creep upwards, as has the average ask: sale price (now at even).

Whether the market is out of control or there’s a smoldering fire, working with an experienced agent like myself pays off. Give me a call at (317) 625-0655 and let’s talk through the specifics of your situation.

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The Rumor on the Street

Are you familiar with these gals?? This dynamic mother-daughter duo founded Two Chicks and a Hammer in Indianapolis.   Since their start, they have bought and renovated over 90 homes in the Fountain Square and Bates-Hendricks areas.

The rumor on the street is that they are headed over to the “old south side” by Lucas Oil Stadium. This is great news! It’s going to transform that area that needs so much TLC.

If you are looking for some new investment opportunities, let me know. These gals know how to bring light to an otherwise lost area. This area could be a great fit for you!

Time = Money

If you watch any bit of TV, you know that “Do-It-Yourself” Projects are still going strong. My favorite is still “This Old House.” I tell my clients that they can do a lot of projects themselves, but one “project” that you should NOT tackle is Selling/Buying Your Home. I say this not because I am a Broker and want your business. Instead, I speak with over 40 years of real-life experiences with Today’s Buyers and Sellers.

It comes down to Time = Money.

A perfect example is speaking with a client last month as they tried to line up surveyors and zoning boards for a piece of land they wanted to sell. It took them over a month to finally call me. They were exhausted and frustrated, to say the least. I was able to get the ball rolling in a week.

By contacting me first and leveraging our network and experience, I could have saved him three weeks. The bottom line is time = money. So give us a call before you embark on the journey.

We work harder to make good things happen!