The Real Estate Market in Indiana is continuing to show increases week after week in home showings.
Now that’s a trend we can shout from the rooftops!!
Buyers are placing much more weight to the curb appeal and saving in-person tour to only their top choices. Below are 6 Curb Appeal Tricks to attract Buyers during the coronavirus.
- Keep the yard green and pristine
- Mind your driveway and walkway
- Flaunt your nighttime appeal
- Don’t forget the garage
- Replace outdoor accents and give your landscaping some love
- Give your front door a face-lift
Need an expert opinion, give me a call at (317) 625-0655! Happy to chat further on what I see in today’s market.
Across 16 central Indiana counties, the Housing data released by the MIBOR BLC® comparing April 2019 to April 2020 shows:
- An increase in Median Sales Price of 12.3 percent to $210,000
- An decrease in Closed Sales of 16.8 percent to 2,522
- New Listings decreased 32.8 percent to 2,782
“The April market saw much less of an impact from Covid-19 than might have been expected,” said Shelley Specchio, MIBOR CEO. “Median sales price of $210,000 was at an all-time high, gaining 12.3% over last year, although the price was almost flat compared to last month, where normally we would see solid gains in prices between March and April. Percentage of asking price to received of 98.3% was near an all-time high and median days on market remains at just 38, the same as last month. Although sales activity did slow, the numbers show that despite our current atmosphere, many are still eager to buy or sell.”
More specifically, in Marion County…
This is excellent news for those ready to buy or/and sell! When you are ready, Give me a call at (317) 625-0655
Indiana doesn’t fit with what has taken place on either coast. Prices there are in “bubble” territory and subject to a significant correction. Here in Indy, not so true.
- In ALL my years in the industry, we just don’t see the BIG swings in prices in Indiana. While we don’t gain massive amounts of price appreciation, we also don’t get hurt much when prices nationwide turn south
- Our fundamentals are still solid. The median home price in Central Indiana is $209,000. With a 5% down mortgage, the payment on that priced home runs right around $1,275/month. Median household income is $60,000/year or $5,000/month. 1,275/5,000 = 25.5%. That’s less than the 28% qualifying guideline established by Fannie Mae and Freddie Mac, and much less than the 31% max over at FHA.
JUST ONE MORE REASON TO CALL INDIANA HOME
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