All posts categorized under ‘Market Conditions’
January is always an interesting point in time. The end of one year and the beginning of the next. A look back at last month and last year’s residential activity for the nine county central Indiana area reveals a market that’s keeps improving in all the right ways. The amount of inventory on the market has been reduced dramatically from high levels seen in 2008-2009 when an oversupply of homes for sale caused
A look back at last months residential market shows a continuing stabilization of inventory and modest average price increases overall compared to last year for the 9-county central Indiana, greater metropolitan Indianapolis market. It should be noted that the country as a whole showed a drop in the average sale price over the same period, so this area is ahead of the national curve. Stabilization refers to the amount
A significant percentage of the residential market here locally has always been new home sales. Over the last few years however, new home building has slowed even more so than other segments of the market, the number of new building permits issued off dramatically from what normally occurs. The market slow-down caused more than a few local builders to call it quits, some were even long established names in the home construction industry here. Those that have been in
While it’s critical to remember that the national real estate market is fragmented and that the dynamics of each area’s market are unique from any other, it’s still interesting to get some perspective on what is happening nationally and regionally. Those that track market activity across the country say that October 2011 pending sales of residential properties jumped nationally to an average of 10.4 % over September, which was 9.2% above levels seen in
If I kept a journal of questions people asked me because I’m a Realtor, this would by far be the most common one. There is a very long answer to that and a very short one. Probably the best one for here is in-between. The market is good and getting better. The supporting facts: About 21,300 homes have either sold/closed so far this year or have a sale pending now. That
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