Market Trends

What’s ahead in March for Homebuyers?

The Indiana Association of Realtors (IAR) just released its February Housing Market Report

Statewide home sales jumped 17% from January to total 4,895
New Listings gained 2% from the previous month
Sales price grew to 7% though homebuyers were able to take advantage of a more BALANCED MARKET to close sales at 95% of original listing price

Pending sales have been stable from January to February. Rising mortgage rates continue to threaten buyers back to the sidelines
As I have been saying for months, Indiana continues to outperform national sales trends. The population growth and economic development activity have been encouraging in driving demand for housing here

Down 41.5% Nationwide

Did you know Mortgage Purchase applications are down 41.5% from a year ago nationally? To no one’s surprise, this translates to fewer home sales.

Here in Indiana, we are feeling a little bit of pain. Sales in the local Indy area were down really close to that in January.

But what may surprise you is that We are BUSY Selling Homes. And closing in less than 30 days. In fact, Top Choice Real Estate just had its BEST February ever (that’s over a 40- year period.)

What does that mean for you:
This is not our first rodeo. With over 40 years of experience, we have seen uncertain times like this (and it was NOT in 2018). Yet, we have navigated these waters successfully and created wins for our clients.

Call or text us at 317-625-0655 today. Let us show you what we can do for you!

Did You Know Which State Was Ranked #1 In Forbes Magazine?

I get my share of calls from business owners (from small to large) searching for commercial properties in the Indianapolis area.

So when I ran across this Forbes article ranking Indiana as the #1 Best State to Start a Business, it didn’t surprise me one bit.

Just a few months back, I helped a client find a manufacturing and warehouse property on the north side to relocate his business from Montreal. Are you wondering Why Indiana? He had a number of reasons, though, according to Forbes…

Low taxes (and one of the more responsibly managed state finance systems)
Our cost of living is 15% less than average, and housing is a mere fraction of what it costs to live on the coasts. Think about that!
Indiana offers up multiple funding opportunities

IMHO, it sure makes a lot of business sense. If you (or someone you know) are thinking about this type of venture, give me a call/text (317-625-0655) to talk specifics. We can help with all property types- whether it’s a home, land, commercial building, or an investment property.

We work harder to make good things happen!