Market Trends

Buyer Demand is on the Rise ⬆️

Buyer Demand is on the rise, shifting the real estate market to lean towards favoring Sellers. On top of the continuous inventory shortage, Sellers appear to have the upper hand.

The surge in Buyer Demand is likely due to several factors:

  • Remote Workforce
  • More People Spending Time in 1 Home
  • Pent-Up Demand After Spring Shutdown
  • Life Events Don’t Stop!
  • All-Time Low-Interest Rates

In a Seller’s Market, your real estate agent, Bob, is more valuable than ever.

  • To Educate You on Today’s Market
  • To Prepare You for When You Do Find That Dream Home
  • To Be That Expert That Puts All That Legal Stuff in Layman’s Terms
  • To Keep It All Organized and Streamline the Process

It’s time to give him a call at 317-625-0655!

August 2020 Housing Data

MIBOR just released its’ Central Indiana sales numbers for August.

  • Closings up 2% over last August
  • Inventory continues to slide, less than half what it was a year ago
  • Causing prices to trend higher, up 15% from a year ago, with the median price now at $228,000

On average, homes are selling quicker.  Our new listing from this past week had 14 showings the first day and $OLD for top dollar.  More importantly, our client got the kind of terms he needed so he could move forward comfortably in pursuit of his new home.  If you’d like that kind of know-how and service, give me a call at 317-625-0655.

Local Market Review: July 2020

Central Indiana home sales are recovering from the impact of the lockdown- as pent up demand pushed sales up 9% from July 2019, and that trend appears to be accelerating.

Inventory remains challenged, down 46% from a year ago.

But new listings showed a spark of life, up 7% from a month ago (so there is new hope for more homes being available).

Good houses are going faster and selling at almost 99% of asking price on average.  Prices are continuing to rise, with the median sales price now $225,000.

If you see something you like, [CLICK HERE for THIS WEEK’S NEW HOME LISTINGS] let’s check them out before it’s too late.