All posts categorized under ‘Market Conditions’
A look back at last months residential market activity shows a market finding it’s balance with the economic conditions. Without external government stimulus money influencing activity as there was in 2010 at this time, the number of sales are less than this same period last year, but still solid, with more than 1,400 homes sold overall last month in the greater Indianapolis metropolitan area. Even though the number of sales
Residential market activity was down last month compared to January of 2010. But you have to dig a little below the surface to put that into perspective. Last year the federal government was throwing money at buyers, trying to induce them to buy a home. So the numbers from last January through Spring don’t represent what a free market would have produced. Also things such as weather
With a fresh snowfall on top of the ice layer that was already there, I admit it doesn’t look much like Spring now. But the Spring market already began when the calendar changed to February a few days ago. The seasonal pattern in the market here can be seen in this chart that represents residential sales activity in the 9 county greater Indianapolis metropolitan area over the last 15 months. Shown are the total
A look back at last months residential real estate activity in the 9-county greater metropolitan Indianapolis area shows a market much like other Decembers. It’s always one of the slowest months because the weather turns much colder, and moving during the holidays is the last thing most people want to think about. Still, sales in December 2010 were about 15% less than the year before in this same month. For the year, total sales in 2010 were
I went to a presentation this afternoon at the Murat Theater at Old National Center called the State of Real Estate, that gave a glimpse of commercial real estate activity in our area. One of the reasons I went was that Lieutenant Governor Becky Skillman was one of the speakers. But the main reason was to get a sense of how commercial real estate had performed in 2010 and where the experts felt it was headed
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