All posts categorized under ‘Market Conditions’
The market in our area showed some impressive gains last month compared to the same month last year in several ways. Over 25% more homes sold in February 2010 than this same period last year. You have to keep in mind too that last month was one of the coldest and snowiest Februaries that we have had in a while, which usually helps to slow activity. The average sale price
Here’s a graphic representation showing the number of homes on the market in the nine county greater Indianapolis metro area vs. the number of sales there over the last 13 months. The numbers add some general perspective. Comparatively, the market now is slow in relation to earlier months or prior years with record number of transactions…and terrific if you compare to certain months or earlier years with low activity. If you are thinking about selling your home or
This last month saw a continued strengthening of the market in central Indiana. Overall number of sales were down slightly from last year at this time, but the average price of those homes selling were up…with some areas showing dramatic increases. Average sale price has been down in recent years, so this is a positive sign.
I’ve noticed that some home owners have mistakenly assumed that a lower average price indicates that
Sometimes you drive the business…and other times it drives you. That’s just the way it seems that the real estate business works, at least for me. Probably much like any business, the object is to get the phone to ring. I can visit, call, write or email people to contact them or stay in touch. I can host Open Houses, advertise in magazines or on websites, send out mass-mailing campaigns or walk around and
When I see others I haven’t seen in a while and get into conversations, eventually they’ll ask me how the market is doing now. I suppose it comes with the territory of being a real estate broker. But I’m happy to do so really, because at least I know they’re getting the truth as opposed to some hyped-up or cynical, over-produced news story out there. The truth is, the market continues to show improvement
Here’s a graphic representation of recent market activity in the central Indiana, nine-county, Indianapolis Metro area as complied by the F. C. Tucker Company using figures from all member companies of our local real estate board MIBOR. It shows the number of homes on the market vs. homes sold over the last thirteen months. An absorption rate is one way to quantify how strong the market is and also tends to
Having a new year has some great benefits. The best one might be that you can leave last year’s baggage behind and start off with a clean slate. A lot of people would probably like to do that with last year. It’s going to be interesting to see how 2010 unfolds. Each one seems to have a distinct personality. It feels like there is even more of a change because it’s
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Richard Hindman
Realtor® | Broker | CRS
Mobile: (317) 413-7189
Office: (317) 849-5050
Email: Contact Me
My Website: www.RichardHindman.com