Posts tagged with "Local Market"

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.

Local Market Review: March 2019 Housing Data

The local housing market showed signs of slowing in March. Numbers just released from MIBOR, the Metropolitan Indianapolis Board of Realtors, showed:

The number of new houses with for sale signs were 5% fewer than a year ago.
Closed sales were down 4%.
The median sales price has been increasing at a slower pace.

However, there are 6,212 homes currently available for sale and nearly 37,000 homes have sold in the past 12 months. Interested in talking more on what the market is showing, give us a call at 317 625 0655

Local Market Bucks National News

Metropolitan Indianapolis Board of Realtors just released final numbers for the year 2018. Here’s how home sales fared:

Sales bucked the national trend and were positive. Up 1% over 2017
New listings were slower in December, but still up 3% on the year
Prices ended the year up 7% over the previous New Year, with the median house selling for $176,000
And available inventory continued to tighten, down 4%

Want to hear how your county is doing specifically, give Indy’s Choice a call. Be in the know!