Posts tagged with "Local Market"

Zillow’s 2024 hot markets list: Is Indy included?


According to a new Zillow study, AFFORDABILITY is the most powerful force driving real estate, bringing lower-cost markets in the Great Lakes, Midwest, and South regions to the top of Zillow’s 2024 rankings.

It was great to see Indianapolis ranked # 4. To be honest, it did not surprise me one bit. I may be slightly biased since I’ve called this place home for most of my adult life. That aside, the boost in home values and job opportunities here is hard to overlook.

If you haven’t caught my latest videos on those very topics, you should check them out:

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If you know someone relocating here, send them my FREE relocation guide  They will thank you! 😊

What’s ahead in March for Homebuyers?

The Indiana Association of Realtors (IAR) just released its February Housing Market Report

  • Statewide home sales jumped 17% from January to total 4,895
  • New Listings gained 2% from the previous month
  • Sales price grew to 7% though homebuyers were able to take advantage of a more BALANCED MARKET to close sales at 95% of original listing price

  • Pending sales have been stable from January to February. Rising mortgage rates continue to threaten buyers back to the sidelines
  • As I have been saying for months, Indiana continues to outperform national sales trends. The population growth and economic development activity have been encouraging in driving demand for housing here

Real Estate Broker in Indianapolis

This Market Looks Different

Gone (I say) gone are the days when a Buyer had to waive inspections and appraisals and pay all of their own closing costs.  The market we are standing in is totally different.  Having appraisals and inspections done are now standard practice, as it should be.  These practices put safeguards in place for all parties and keep everyone honest. And asking the Seller to do repairs or pay for some of the Buyer’s closing costs is definitely on the table.

With that being said, now MORE DEALS ARE BEING MADE. We just closed on one and have a few in the making. For lots of reasons, You need an Expert in your Corner! Give me a call/text (317) 625-0655 to see what we can do for you!

For more on this chart/report, click the link