All posts categorized under ‘Market Watch’
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
The saying goes, “if you know where you’ve been, then you can predict where you are going”. Not sure that is always true, but in this case it probably is. Last month, and for a number of months now in a row, sales of residential properties here in central Indiana have increased compared to the same period last year, and the number of homes on the market have declined.
If you read some of the articles in the newspaper you’d think that the local residential real estate is in the tank. Right? Well, that’s far from the truth actually. What’s really going on is vastly different. The best way to explain what is actually going on is just to tell the truth, quantifying the amount of activity to put things in perspective. There were over 1600 homes with sales that pended
The residential market in central Indiana continues its positive gains in all the right areas. The number of sales last month increased about 7 percent compared to the same month last year with nearly 1,900 homes sold in August. What’s even more significant is the number of homes on the market continues to decline. Important because as inventory tightens, prices stabilize too. Less Sellers and more Buyers equals higher prices.
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