MIBOR just released December numbers for the Central Indiana housing market. The key takeaways are:
||· Prices continue to edge upward, up 1% over last month, but definitely off the 15% pace compared to a year ago
|· Sales in December were down 2% from December 2020; with average days on market growing from 21 to 26 days
||· Active inventory continues to slow, down 14% from the preceding month, and 14% from a year ago
|· Inventory remains tight- especially among homes built in the most recent 30 years. Some have drawn as many as 40 offers. With older homes, sales are much, much, much slower
A full PDF report by county can be found here
If you are thinking of selling / buying this year, give me a call at (317) 625-0655. I can provide a full comparative analysis so you can make an informed decision on the next steps. Might be the right time for you!
MIBOR just released November numbers for the Central Indiana housing market. The raging fire that has been in the local housing market for the past couple of years subsided ever so slightly again in November. It’s as if there was a light rain that fell last night, dampening the flames.
Prices, still running 12% stronger than a year ago, tapered off 2% from October.
Closed sales were up 5% from last November, but new listings were down a whopping 21% from October. Put it all together, and available inventory was down 17% from a year ago, pulling the options belt even tighter.
Days on the market have started to creep upwards, as has the average ask: sale price (now at even).
Whether the market is out of control or there’s a smoldering fire, working with an experienced agent like myself pays off. Give me a call at (317) 625-0655 and let’s talk through the specifics of your situation.
Click HERE for Full Report
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!