Housing data released by MIBOR comparing Aug 22 to Sept 22 are in, and to no one’s surprise, the local real estate market is slowing in Indiana’s 16 central counties.
|The facts are:
- Closed sales are down from 3,521 –> 3,239
- No change in Price – hovering at 285K
- New listings are down from 3,791 –> 3,412
- Days on the Market is up from 22 –> 28
- Active Inventory is up from 4,004 –> 4,356
Do you know what I am telling my clients – breathe. If now is not the right time, take this time to prep for your next move.
- If you are selling, schedule a consult, and I will give you my expert opinion on what improvements should be done or NOT DONE for the highest return
- If you are buying, let’s get the financing in order, OR let me do some research in some prospective areas
We have lots of resources on our website so check them out! As always, I am happy to jump on a call to discuss your needs.
And just like that, the Seller’s Market has cooled. As I said last week, the days of multiple offers with crazy bidding wars have ended. Inspections are thankfully back! And it’s giving the Buyers some time to breathe and think about one of the largest purchases in their lifetime. ALL GREAT NEWS FOR TODAY’S BUYER.
The average house in the Indianapolis area is now listed at $300K. And the ones listed above are New Builds. We are getting long lists each week from area builders of their inventory – Ready to Move in’s and Soon to be Ready! Also, Good for the Buyer; Builders are throwing in lots of extras to entice you.
If you are ready to jump back in, call me at (317) 325-0655. Inventory is plentiful!
Did you know that for the first time in three years, there are as many new listings coming on the market as there were as many price drops!
THIS IS GREAT NEWS FOR CURRENT BUYERS!
This past week, we listed this beauty in Hendricks County, and within four days, it had a very solid offer at asking price. From the Buyer’s perspective, it was close to stress-free as it could be compared to what the market looked like a few months ago. No crazy Bidding Wars. An Offer with an Inspection! And enough TIME to really think about it. Are you thinking what I am thinking??? It was a BUYER’S DREAM!
If you have been holding off on buying due to the housing market, it may be time to start looking again. Call me at (317) 325-0655.