Market News

Just released by MIBOR: August 2018 Housing Data

  • Families wrapped up their summer vacations just in time to kick start the fall market.
  • The activity pushed the median average price up 9% over a year ago, to $179,000.
  • Closed sales were up 8% over August a year ago.
  • Final prices averaged $6802 lower than the original asking price.
  • Inventory remains tight
  • But hey, there are 8,000+ homes for sale

If you are interested in a specific county or city, a Market Activity Report can be provided. Last month, Whitestown was highlighted. Click here for the report.

Indy’s Choice can be reached at 317-625-0655 or by email at info@indyschoice.com

Central Indiana Home Sales Beat National

You’ve got to be careful if you get your news from a national media outlet.  While January national home sales were the weakest in years, Central Indiana continued on a very strong path.  Pundits blamed rising mortgage rates and low inventory as the reasons for the weaker national sales.  It’s true that rates have been creeping up slightly— BUT they are still amazing by any historical perspective.  Think mid 4’s right at the moment.  I mean, since when was 4% a bad mortgage rate?  Come on now!

 

The experts say “Real estate is local”- and they are correct.  Here in Central Indiana, Closed Sales were up 5% over January of a year ago.  And up 4% for the past 12 months.  Obviously more people are buying homes in our neck of the woods.

Want help getting the lowest rate and buying successfully in this tight market?  Easy— call me!  “I work harder to make good things happen!”  -Bob Morris

2017 The Year in Review

* Central Indiana sales were up 4%
* But new listings were down 1%
* Put those two figures together and you get 20% less selection per buyer
* And prices up 6.5%

By all indications the New Year is off to a rousing start. Houses in good shape and location, and priced to sell are drawing multiple offers. Other properties are taking their time to sell— as buyers are anxious but not desperate. It ought to be a Wild, Wild West spring season!

Want help making the most of it— call us. We work harder to make good things happen!