Real Estate Broker in Indianapolis, IN
Member of National Association of Realtors | Indiana Association of Realtors | Metropolitan Indianapolis Board of Realtors
Housing posts BIG October!!!
MIBOR just released numbers for October, and sales were BIG— up 11% over last October and running +5% for the past 12 months. Meanwhile, new listings continue to be flat. So, add in ultra low mortgage rates, and those factors have combined to push the median average price up 7% to $164,000. There are 9,066…Read more »
Homes Are Shrinking In The US
Bloomberg reports that for the first time in over three decades the size o1000x-1f the average new built home is shrinking. After climbing by half for three decades the square footage of the average house topped out at 2520 square feet in 2015. Through June of this year, the national average has been but 2420.…Read more »
Indy sales have been running the most ever… 36000+ sold in past 12 months! They’ve been strongest over 175k. New listings are flat year-over-year. A decade ago, there was half again as many homes on the market! Inventory is down 20% from a year ago, and is tightening most under $175,000. All that, along with…Read more »