All posts categorized under ‘Market Watch’
The view back through our window on the real estate market for central Indiana last month shows continued transformation, from a market slowed the last few years by a lack of consumer confidence with the economy, into a market that’s gradually becoming more optimistic and more traditionally shaped. The number of sales is very close to where it was last year at this time, but the difference is the prices of homes that are selling. Very few homes last
A review of market activity last month shows it’s continued transitioning into a market that’s more traditional. Without the effects of the federal government stimulus money that induced purchasers to buy now, altering their normal motivation, sales slowed from previous months. This was expected. But still it was surprising that the market was 30% off compared to the same time period in 2009.
While some would see this as negative news, I call
The real estate market has always been a reflection of the overall economy and the forces that move it. It seems to go as the perception of the economy goes. In order to make some sense of that, comparing some key numbers adds perspective…like the number of pending sales, average sale price, number of listings on the market, etc. Each one says something different about the market. For an in-depth analysis of last months residential
Just like driving a car, one of the ways to get perspective on where you are now is to look in the rear-view mirror. Market Watch does just that, providing a look back at the previous months activity. To say that April was active is, well, an understatement. Lots of people in the marketplace looking, purchasing, listing, selling. Over 3,000 homes sold in the nine county, central Indiana area that
Because market activity in this area is directly affected by the seasons, comparisons to the same time period of prior years is the most accurate way of comparing market activity. As an example, winter months are always slower than spring and summer no matter how the economy has affected things.
This month, the residential market in central Indiana continues to strengthen showing substantial improvement over last
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
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
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Richard Hindman
Realtor® | Broker | CRS
Mobile: (317) 413-7189
Office: (317) 849-5050
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My Website: www.RichardHindman.com