Market News

Local Market Review: February 2021

Housing data released by the MIBOR BLC® comparing February 2020 to February 2021 shows:

  • An increase in Median Sales Price of 18.9 percent to $223,500
  • An increase in Closed Sales of 6.1 percent to 2,243
  • New Listings decrease 24.0 percent to 2,178

The Indy median sales price is at an all-time February high. Inventory continues to be at an all-time low. The CONTINUED HIGH DEMAND makes it an optimal time to consider making a move. Give me a call at (317) 625-0655 to discuss your options.

New FHA Loan Limits for 2021

Starting January 1, 2021, the Federal Housing Administration (FHA) announced new loan limits.

What does this mean for you??

New FHA Loan Limits = New Homebuyer Budgets

Click Below For More Info

This may be the right time for you with the Indy market as well as the new loan limits.

If you have any questions, contact me at (317) 625-0655 or Mike Wickham, our trusted financial partner at Caliber Home Loans. We are always happy to answer any questions that you may have.

Local Market Review: November 2020 Housing Data

New listings showed a spark of life- up 8% from a year ago.  But off the big rally of last month, so they’re still running down 4% for the year.

Sales were up 21% over last November.  The combination pushed prices up 20% over a year ago.

Homes have been selling like hotcakes, with the average being just 31 days.

Inventory is very limited— and in search of people returning to work and play.

Ready to make a move?? Give Indy’s Choice a call at (317) 625-0655!