Market News

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!

OCT 2021 | Market Insights Report

MIBOR just released October numbers for the Central Indiana housing market.  Key takeaways are:

Has the market topped?  Or paused?  We probably need a couple more months of data to know that one way or another.  But one thing is for certain, the panic that ruled the market earlier this year left the market over the course of the past four months.  It is just not there.  That is a good thing, a positive step towards a healthier and more balanced market.  So Buyers who got frustrated and put their plans on the shelf may want to dust them off!  If you fall into this category, I am a phone call away!

Click here for the Full MIBOR Report

Local Market Review – September 2021

The September numbers are in for the Central Indiana real market.  As I’ve been saying, the panic has gone out of the market.  The market has not gone soft, but there is an easing off the gas pedal.  That’s good for all concerned, as a little balance would make the market healthy.

 

 

Prices were up 13% from a year ago, but just ½% up from the previous month.  (Foot coming off the gas pedal…)

Sales were down 2% AND New Listings were down 8% from a year ago— making inventory just 2,646 homes for sale.  That’s down 17% from last year this time.  But the available inventory per buyer has started creeping up some, making it so buyers have much better odds of landing a deal on a new home (than they did last Spring).  That makes NOW a much better time for buyers to be out home shopping.

If you want to see what’s specifically happening in your county, call me at (317) 625-0655 or email me at bob@topchoicere.com

Below is a snapshot of what’s happening in Marion County. Let’s make your house dreams come true in 2021!