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Indy Home Book » Market Watch http://www.indyhomebook.com Sun, 05 Feb 2012 22:00:52 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Market Watch – January 2012 edition http://www.indyhomebook.com/market-watch-january-2012-edition/ http://www.indyhomebook.com/market-watch-january-2012-edition/#comments Tue, 17 Jan 2012 04:16:55 +0000 Richard http://www.indyhomebook.com/?p=7356

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 [...] If you enjoyed this post, you may also be interested in:

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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 downward pressure on prices. Since then, a slow but steady reduction of inventory occurred, and average prices have been rising.

For greater perspective on the residential market for last month, take a look at my latest Market Watch Newsletter, with more in-depth analysis, real numbers, charts and graphs.

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]]> http://www.indyhomebook.com/market-watch-january-2012-edition/feed/ 0 Market Watch – December 2011 edition http://www.indyhomebook.com/market-watch-december-2011-edition/ http://www.indyhomebook.com/market-watch-december-2011-edition/#comments Thu, 15 Dec 2011 03:51:06 +0000 Richard http://www.indyhomebook.com/?p=7065 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 [...] If you enjoyed this post, you may also be interested in:

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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 of inventory, homes on the market, which has declined compared to last year. At the same time, the number of homes with pending sales increased more than 7 percent compared to last year at this same time.

For more in-depth analysis of market activity, including real sales numbers, charts and graphs, take a look at my latest Market Watch Newsletter for this month.

As this year comes to a close, the market here is poised to move forward in an increasingly positive manner in and through 2012. It will be interesting to see what actually happens.

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]]> http://www.indyhomebook.com/market-watch-december-2011-edition/feed/ 0 Market Watch – November 2011 edition http://www.indyhomebook.com/market-watch-november-2011-edition/ http://www.indyhomebook.com/market-watch-november-2011-edition/#comments Sat, 12 Nov 2011 13:00:45 +0000 Richard http://www.indyhomebook.com/?p=6962 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 enjoyed this post, you may also be interested in:

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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. Translated, the market is much more in balance than it has been in a while. With inventory declining, there is more competition between sellers for active buyers. When that happens, prices trend higher.

For more analysis and an in-depth look at the residential market activity in the 9-county, greater Indianapolis area, including sales numbers by county, with comparative charts and graphs, take a look at my latest Market Watch Newsletter for this month.

The climate continues to improve for sellers. Still a good market for buyers with the extremely affordable interest rates now.

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]]> http://www.indyhomebook.com/market-watch-november-2011-edition/feed/ 0 Market Watch – October 2011 edition http://www.indyhomebook.com/market-watch-october-2011-edition/ http://www.indyhomebook.com/market-watch-october-2011-edition/#comments Fri, 14 Oct 2011 14:26:36 +0000 Richard http://www.indyhomebook.com/?p=6792 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 [...] If you enjoyed this post, you may also be interested in:

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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 last month in the nine county, central Indiana, greater Indianapolis metropolitan area. That’s a lot of homes for a September. A five percent increase over last year at this time. And the total number of homes on the market is declining. That means inventory is tightening with fewer homes competing for more buyers. Whenever that happens, prices should edge upward, which they have. Funny…supply and demand really works. This has not been a one month occurrence. The market has been on this same path for a number of months now. So what’s going to happen down the road? Well, that’s always the big question isn’t it. We’ll see.

For more in-depth analysis of last month’s residential real estate activity, including real numbers, charts and graphs, take a look at my latest Market Watch Newsletter.

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]]> http://www.indyhomebook.com/market-watch-october-2011-edition/feed/ 0 Market Watch – September 2011 edition http://www.indyhomebook.com/market-watch-september-2011-edition/ http://www.indyhomebook.com/market-watch-september-2011-edition/#comments Sat, 10 Sep 2011 01:15:49 +0000 Richard http://www.indyhomebook.com/?p=6562 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.

For an [...] If you enjoyed this post, you may also be interested in:

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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.

For an in-depth analysis of last months residential market activity for the nine-county greater metropolitan Indianapolis area, including real numbers, charts and graphs, take a look at my latest Market Watch Newsletter.

Since market activity is more than anything a reflection of consumer confidence, it’s encouraging to see the numbers headed in a positive direction for a number of consecutive months. It will be interesting to see what the future will bring.

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]]> http://www.indyhomebook.com/market-watch-september-2011-edition/feed/ 0 Market Watch – August 2011 edition http://www.indyhomebook.com/market-watch-august-2011-edition/ http://www.indyhomebook.com/market-watch-august-2011-edition/#comments Thu, 11 Aug 2011 00:53:48 +0000 Richard http://www.indyhomebook.com/?p=6339 If you watch the news channels or read the papers, you’d think we were on the verge of a total meltdown, right? A record heatwave turning half of the country into a rerun of the 1930′s dust bowl, the stock market in a free fall and the world economy collapsing with the US leading the way. No wonder the average person probably thinks the local real estate market must also be awful. Well, here is [...] If you enjoyed this post, you may also be interested in:

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If you watch the news channels or read the papers, you’d think we were on the verge of a total meltdown, right? A record heatwave turning half of the country into a rerun of the 1930′s dust bowl, the stock market in a free fall and the world economy collapsing with the US leading the way. No wonder the average person probably thinks the local real estate market must also be awful. Well, here is the truth. Although it is far from being a hot market generally, it is still a good market. Over 1,800 homes sold in July locally with sales up 3.6% over this time last year. Also the number of homes on the market declined by 11% compared to last year at this time, and the average sale price continues to increase, both of which are good news for Sellers. Still sound like an awful market? I don’t think so.

For in-depth analysis of last months local residential real estate market, including charts, graphs and real numbers, take a look at my latest Market Watch Newsletter, August 2011 edition.

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]]> http://www.indyhomebook.com/market-watch-august-2011-edition/feed/ 0 Market Watch – July 2011 edition http://www.indyhomebook.com/market-watch-july-2011-edition/ http://www.indyhomebook.com/market-watch-july-2011-edition/#comments Sun, 17 Jul 2011 01:33:16 +0000 Richard http://www.indyhomebook.com/?p=5741 Market activity fluctuates here more than some areas of the country because they are not affected by climate and seasonal influences quite as much. If you graphed activity here for a year, the curve normally has a bell-shaped appearance, with the greatest amount of activity in the summer, slower in spring and fall, and the lowest amount in the coldest winter months. To put market activity in a proper perspective, the best way is compare the same month with [...] If you enjoyed this post, you may also be interested in:

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Market activity fluctuates here more than some areas of the country because they are not affected by climate and seasonal influences quite as much. If you graphed activity here for a year, the curve normally has a bell-shaped appearance, with the greatest amount of activity in the summer, slower in spring and fall, and the lowest amount in the coldest winter months. To put market activity in a proper perspective, the best way is compare the same month with the corresponding month from another year.

A look back at residential real estate market activity for central Indiana for last month shows a market that greatly outpaced the corresponding month last year. And the difference between the number of homes on the market vs the number of sales continues to tighten, showing the market is increasingly more balanced between buyers and sellers than before. Both of these are good signs for homeowners and the economy in general.

For an in-depth analysis of last months market activity, including real numbers, charts and graphs, take a look at the latest edition of my Market Watch newsletter.

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]]> http://www.indyhomebook.com/market-watch-july-2011-edition/feed/ 0 Market Watch – June 2011 edition http://www.indyhomebook.com/market-watch-june-2011-edition/ http://www.indyhomebook.com/market-watch-june-2011-edition/#comments Wed, 15 Jun 2011 15:59:34 +0000 Richard http://www.indyhomebook.com/?p=5580

Understanding the market is similar to driving a car. To help get a feel for where you are now, it’s good to look in the rear-view mirror occasionally. A look back at last month’s residential real estate activity for the nine county greater Indianapolis metropolitan area, views a strengthening market. Compared to this same time period the year before, sales were up over 32 percent. Also, the total number of homes on the [...] If you enjoyed this post, you may also be interested in:

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Understanding the market is similar to driving a car. To help get a feel for where you are now, it’s good to look in the rear-view mirror occasionally. A look back at last month’s residential real estate activity for the nine county greater Indianapolis metropolitan area, views a strengthening market. Compared to this same time period the year before, sales were up over 32 percent. Also, the total number of homes on the market declined, making further progress to a more stabilized and balanced market for both Sellers and Buyers. For more in-depth analysis including real numbers, comparative charts and graphs, take a look at my latest Market Watch Newsletter for this month.

So far in June, the number of listings shown is up dramatically over this same period last year. Showings are an indicator of market activity in general. The number of showings are directly related to the number of pending sales in the near future, which is a further reason for optimism.

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]]> http://www.indyhomebook.com/market-watch-june-2011-edition/feed/ 0 Market Watch – May 2011 edition http://www.indyhomebook.com/market-watch-may-2011-edition/ http://www.indyhomebook.com/market-watch-may-2011-edition/#comments Fri, 13 May 2011 00:40:20 +0000 Richard http://www.indyhomebook.com/?p=5395 Market activity for residential real estate last month in the nine-county, greater Indianapolis metropolitan area can be defined by two words…normalizing and strengthening. The number of sales compared to last year during the same month are down, but that’s no surprise as April last year saw the end of Buyer incentives from the federal government, so sales were way out of proportion as people scrambled to purchase homes before incentives ran out. Activity is normalizing [...] If you enjoyed this post, you may also be interested in:

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Market activity for residential real estate last month in the nine-county, greater Indianapolis metropolitan area can be defined by two words…normalizing and strengthening. The number of sales compared to last year during the same month are down, but that’s no surprise as April last year saw the end of Buyer incentives from the federal government, so sales were way out of proportion as people scrambled to purchase homes before incentives ran out. Activity is normalizing now that the government isn’t interfering with market forces. The inventory of unsold homes continues to decline, so Sellers are gaining ground as absorption rates also are normalizing into a more balanced market. And, the average sales price of homes purchased continue to increase, a sign of the market strengthening. For more in-depth market analysis, including real numbers, charts and graphs, take a look at my latest Market Watch Newsletter.

It certainly has been interesting the last few years. Market activity in general took a hit, that’s for sure. Whenever that happens though, pent-up demand just keeps building. The market is improving, but still a lot of people want to move but don’t feel comfortable or can’t for whatever reason. Sooner or later though, when our collective optimism returns sufficiently, demand will come bursting through. It’s a cycle that will surely repeat itself just as it has many times before.

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]]> http://www.indyhomebook.com/market-watch-may-2011-edition/feed/ 0 Market Watch – April 2011 edition http://www.indyhomebook.com/market-watch-april-2011-edition/ http://www.indyhomebook.com/market-watch-april-2011-edition/#comments Sat, 16 Apr 2011 22:25:41 +0000 Richard http://www.indyhomebook.com/?p=5419 The residential real estate market in central Indiana seems like it has a split personality. On one hand, the total number of pending sales for March declined compared to this same period last year. On the other, prices for homes are rising generally and the absorption rate is improving as inventory tightens. So a market in decline or improving? Sometimes a one word description doesn’t tell the whole story.

To keep things in [...] If you enjoyed this post, you may also be interested in:

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The residential real estate market in central Indiana seems like it has a split personality. On one hand, the total number of pending sales for March declined compared to this same period last year. On the other, prices for homes are rising generally and the absorption rate is improving as inventory tightens. So a market in decline or improving? Sometimes a one word description doesn’t tell the whole story.

To keep things in perspective, the US government was handing out monetary incentives to Buyers last year at this time if they purchased a home, which altered what the normal demand would have been. So the activity for this period last year was unusually strong. The market is finding it’s true balance now given the current economic conditions. For more details and analysis, including real numbers, charts and graphs, take a look at the latest edition of my Market Watch Newsletter.

There was a significant increase in the number of sales in March over February, 43% to be exact, and some think that the market will pick up even more steam as the season progresses. It all depends if expected employment gains are realized. It will be interesting to watch.

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