Market Trends

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!

 

Provide Education on Today’s Market

In a “Seller’s Market,” Real Estate Agents are more valuable than ever when it comes to helping Buyers make the best choice and find the right deal on their dream home.   

Your Agent should help Provide Education on Today’s Market.  Your Agent should be a teacher at heart – helping you understand the strategies needed when inventory is low and buyer demand is high.

So How Do We Help Our Clients :

This is excellent news for those Buyers that have been extremely frustrated with Today’s Market. For months, they have been walking through more houses than they wanted to and writing multiple offers just to have them declined and start the process all over again.

Let me tell you that TODAY IS DIFFERENT. The Market started slowing with the July 4th holiday and then slowed further when school started.  Fewer shoppers, fewer offers, fewer crazy offers.  Which means to you that your odds of winning have just gone up by a very large percentage— IF you are back actively looking.

Give me a call (317) 625-0655 and let us show you how We work harder to make good things happen!

Just In: July’s Market Report

The local real estate numbers are in for July, and you might say, “the pilot eased back the throttle just slightly.”

The market remained hot, with homes selling on average in just 14 days (less than half the time of a year ago) and for 2% more than asking (easing just a tad from the previous month).  Closings were down 4% from June and 7% from last July.  New Listings were up a bit. So when the dust settled, Inventory was up considerably from June but down considerably from a year ago.  Inventory remains extremely tight at 2498 units and a .7 month supply— whereas 7x that number would be nice.

So, bottom line, market activity eased from red, red hot to red hot.  But, regardless of the temperature, We’re busy making good things happen for buyers and sellers.    

Want More Detail In Your County, Click Here!