Market Trends

Many Americans Plan Move to Reduce Costs

According to a new survey from LendingTree, nearly half of more than 2,000 Americans recently surveyed say they plan to move soon to reduce living expenses. Forty-six percent of respondents say they plan to relocate within the next year.

The COVID-19 pandemic has been a big motivator here in the Indy area.

If you can relate, Let’s start planning for 2021! I can help with a hassle-free “No Strings Attached” Room by Room Analysis. What does this mean…. that I walk the property (inside and out) and give my two cents on repairs/improvements that could be done to yield a quick home sale as well as sell for the most $$$. I am a phone call / text away!

Local Market Review: October 2020 Housing Data

Housing data was just released by the MIBOR BLC®, comparing October 2019 to October 2020.

  • An increase in Median Sales Price of 15.1 percent to $221,000
  • An increase in Closed Sales of 16.4 percent to 3,689
  • New Listings increase 2.2 percent to 3,746

My two cents ….Market has been on a tear.  This is the first sign of it easing off the gas pedal.  We’ll need to see the next couple of months’ data to see if this is an outlier or a trend change.

Looking for Specifics in your County, Click HERE and I’ll send you the data.

SEPT 2020 Housing Data

MIBOR just released its’ Central Indiana sales numbers, which includes the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, and Shelby.

From a year ago this time –

  • Closings are up 17%
  • Inventory is HALF of what it was
    • But New Listings now rising
  • Prices up 19% from a year ago
  • With avg sales price 99% of the asking price

Specifically, in Marion County,

Looking for Specifics in your County, Email Bob at Bob@indyschoice.com. Let me send you that data.