Posts tagged with "Real Estate"

Housing Market Numbers Just Released for March 2023

Housing data released by MIBOR for March 2023 are in, and the Spring Real Estate Market in Indiana’s 16 central counties has sprung! So Schedule your FREE 12-minute Consult with me Today!

March 2023 Highlights Include :

  • Closed sales are up from 1,878 —> 2,652
  • No change in Price – hovering at 275K
  • New listings are up from 2,209 —> 2,974
  • Average Days on the Market is down from 53  —> 49
  • Active Inventory is down from 3,528 —> 2,944

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

Down 41.5% Nationwide

Mortgage Purchase Application IndexDid you know Mortgage Purchase applications are down 41.5% from a year ago nationally? To no one’s surprise, this translates to fewer home sales.

Here in Indiana, we are feeling a little bit of pain. Sales in the local Indy area were down really close to that in January.

But what may surprise you is that We are BUSY Selling Homes. And closing in less than 30 days. In fact, Top Choice Real Estate just had its BEST February ever (that’s over a 40- year period.)

What does that mean for you:
This is not our first rodeo. With over 40 years of experience, we have seen uncertain times like this (and it was NOT in 2018). Yet, we have navigated these waters successfully and created wins for our clients.

Call or text us at 317-625-0655 today. Let us show you what we can do for you!