Market News

Just Released: May 2020 Housing Data

Dr. Elliot Eisenberg, an internationally acclaimed economist/public speaker says, “National indications are that as the result of the great lockdown of 2020, many families are re-thinking their housing situation and realize that they want something different, usually larger and more tailored spaces, along with less proximity to neighbors. This same scenario may well be playing out here in Indianapolis, where families are now placing a premium on having more space for a home office and workout area.”

I couldn’t agree more. Last week, my Hamilton County listing with six private acres had 32 showings in 4 days. The Seller couldn’t be more pleased with that SOLD sign up in their yard!

Let me show you the housing data just released from the MIBOR BLC® comparing May 2019 to May 2020:

  • An increase in Median Sales Price of 9.2 percent to $215,000
  • An decrease in Closed Sales of 23.3 percent to 2,703
  • New Listings decreased 21.2 percent to 3,744

And more specifically for Marion County….

Despite our current atmosphere, these numbers indicate that many are still eager to buy… When you are ready, give me a call at (317) 625-0655.

6 Curb Appeal Tricks to attract Buyers during coronavirus

The Real Estate Market in Indiana is continuing to show increases week after week in home showings.

Now that’s a trend we can shout from the rooftops!!

Buyers are placing much more weight to the curb appeal and saving in-person tour to only their top choices. Below are 6 Curb Appeal Tricks to attract Buyers during the coronavirus.

  1. Keep the yard green and pristine
  2. Mind your driveway and walkway
  3. Flaunt your nighttime appeal
  4. Don’t forget the garage
  5. Replace outdoor accents and give your landscaping some love
  6. Give your front door a face-lift

Need an expert opinion, give me a call at (317) 625-0655! Happy to chat further on what I see in today’s market.

Housing Data for April 2020

Across 16 central Indiana counties, the Housing data released by the MIBOR BLC® comparing April 2019 to April 2020 shows:

  • An increase in Median Sales Price of 12.3 percent to $210,000
  • An decrease in Closed Sales of 16.8 percent to 2,522
  • New Listings decreased 32.8 percent to 2,782

“The April market saw much less of an impact from Covid-19 than might have been expected,” said Shelley Specchio, MIBOR CEO. “Median sales price of $210,000 was at an all-time high, gaining 12.3% over last year, although the price was almost flat compared to last month, where normally we would see solid gains in prices between March and April. Percentage of asking price to received of 98.3% was near an all-time high and median days on market remains at just 38, the same as last month. Although sales activity did slow, the numbers show that despite our current atmosphere, many are still eager to buy or sell.” 

More specifically, in Marion County…

This is excellent news for those ready to buy or/and sell! When you are ready, Give me a call at (317) 625-0655