Posts tagged with "Local Market"

REMEMBER— REAL ESTATE IS LOCAL

Oil and stock markets are national markets…International even. Real Estate is a local market. All Real Estate is local.

When the Nightly News blares, “the Housing Market is Crashing!”. They are selling fear for ratings and pointing to markets like Austin, Boise, Vegas, and Phoenix. But rest assured, they are not talking about Central Indiana. While prices in Boise and Austin are down 15-18% from their peak, cities in the Midwest (Chicago, Indianapolis, Cincinnati) are seeing housing prices flat to down slightly (think 2-3%).

So (for now, at least), let’s all take a deep breath and enjoy the holiday season upon us.

For a panic-free analysis, call or text me to strategize what’s in your best interest. And, of course, you need a Local Real Estate Expert for that!

Just Released: January Market Report

Download Full Market Report Here

The January numbers for central Indiana are up, and they look to be a little of this and a little of that.

Median sales price was up 17% from a year ago, BUT down 4% compared to December
Days on market increased to 29 from 24 in December
Closed sales and new listings were both up over a year ago, 4 & 2%
Inventory remains limited— with only 1738 houses to choose from. That’s down 11% from a year ago

We’ve got our fingers on the pulse and finding ways to help our clients buy and sell homes successfully. So if that’s what you’d like to do, well, give us a call!

Minimal Impact On 🏠 Housing Sales

Last week was quite a wintry ❄️ mess. We ended up with 8 inches here in Noblesville.

The Midwest storm did throw the 🏠 market off a little.

Mortgage rates are creeping up to 4 in recent months, and the Feds are looking to tighten it more. This will no doubt change Buyers purchasing capabilities as well as comfort level.

Bottom Line..there is still no inventory below 250K, so I am foreseeing minimal impact on 🏠 sales. If there were 20 offers on a home last quarter, it might be reduced to 10 this quarter. Seems like better odds for the Buyer. So if you are on the fence about buying/selling, give me a call at 317-625-0655 to talk specifics.