Real Estate

Local Market Review: November 2020 Housing Data

New listings showed a spark of life- up 8% from a year ago.  But off the big rally of last month, so they’re still running down 4% for the year.

Sales were up 21% over last November.  The combination pushed prices up 20% over a year ago.

Homes have been selling like hotcakes, with the average being just 31 days.

Inventory is very limited— and in search of people returning to work and play.

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Steps on Buying a House

1.       Check your credit score. The Things that Matter :
2.       Figure out how much house you can afford. The Key Factors in calculating affordability :

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3.       Get pre-approved. And the Top Reasons Why :

 

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Buying a home can be stressful and overwhelming. Understanding the key steps can help you reach your goal and make your dream a reality. If you need to talk through your particular situation, give me a call at (317) 625-0655. It’s why I am here!

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.

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