Market Trends

Just Released: February Market Report

MIBOR just released February numbers for the Central Indiana housing market. The key takeaways are:

Download County Specific Market Reports Here

What are the EXPERTS saying:

“With inventory at a record low before the start of the spring selling season, we can expect the market to be challenging for buyers for these next few months. Working with a REALTOR® can help prospective homeowners to be prepared in making the best offer.” – Shelley Specchio, MIBOR CEO

When you are ready, give me a call at (317) 625-0655. No doubt, the market continues to overwhelm many buyers, though let me show you what is possible—ONE STEP AT A TIME.

Frustrated? Let’s Try This Approach

For Today’s Buyer, it is tough. The Market remains tight, and nothing at the present moment is showing that it will loosen any time soon.

Yes, some houses are sitting for a while, while others are getting 20 offers in a weekend. And winning a bid when you are 1 of 20 is a nightmare. So the struggle is very real and very frustrating.

Last month, I sat down with a client to have a ❤️ heart-to-heart. Since time was not in his favor, we needed a new approach. What did that look like: He needed to look at properties that were winnable.

What do Winnable Homes look like:

Not built within the last 30 years
Not in pristine condition
Need about 10-20K of home improvements

Hey, I get it…it doesn’t sound very appealing at first. And it didn’t sit well with him until we started talking through the details. Like many, he was looking for a move-in-ready home. With this new approach, he could still get that move-in ready home, and it would be exactly what he was looking for.

Seem like a pipe dream? Let me assure you that it is possible when you have the right partner with experience in all aspects of the industry.

If you are interested in hearing more, give me a call at 317-625-0655 . Let’s start looking at properties that are winnable instead of going to war!

Just Released: January Market Report

Download Full Market Report Here

The January numbers for central Indiana are up, and they look to be a little of this and a little of that.

Median sales price was up 17% from a year ago, BUT down 4% compared to December
Days on market increased to 29 from 24 in December
Closed sales and new listings were both up over a year ago, 4 & 2%
Inventory remains limited— with only 1738 houses to choose from. That’s down 11% from a year ago

We’ve got our fingers on the pulse and finding ways to help our clients buy and sell homes successfully. So if that’s what you’d like to do, well, give us a call!