Market Trends

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.

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!