Market Trends

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!

MIBOR just released October numbers for the Central Indiana housing market.  Key takeaways are:

Has the market topped?  Or paused?  We probably need a couple more months of data to know that one way or another.  But one thing is for certain, the panic that ruled the market earlier this year left the market over the course of the past four months.  It is just not there.  That is a good thing, a positive step towards a healthier and more balanced market.  So Buyers who got frustrated and put their plans on the shelf may want to dust them off!  If you fall into this category, I am a phone call away!

Click here for the Full MIBOR Report