Market Trends

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!

Minimal Impact On 🏠 Housing Sales

Last week was quite a wintry ❄️ mess. We ended up with 8 inches here in Noblesville.

The Midwest storm did throw the 🏠 market off a little.

Mortgage rates are creeping up to 4 in recent months, and the Feds are looking to tighten it more. This will no doubt change Buyers purchasing capabilities as well as comfort level.

Bottom Line..there is still no inventory below 250K, so I am foreseeing minimal impact on 🏠 sales. If there were 20 offers on a home last quarter, it might be reduced to 10 this quarter. Seems like better odds for the Buyer. So if you are on the fence about buying/selling, give me a call at 317-625-0655 to talk specifics.