Central Indiana existing-home sales rise for second straight month
Sales of existing single-family homes rose in central Indiana in August despite a huge decline in available houses and another record in prices.
Home Sales
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Central Indiana homebuilders see another strong month
Permit filings are up 12% so far this year compared with the first eight months of 2019, despite the pandemic.
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Pandemic depresses number of houses for sale, which drives up prices
A shortage of moderately priced single-family homes and pent-up demand stemming from the COVID-19 lockdown this spring have caused home prices to rocket higher.
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Area builders see big jump in home-construction applications
After a slowdown in May, applications for home construction permits made a solid rebound in the Indianapolis area in June despite the pandemic.
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Central Indiana existing-home sales rebounded strongly in June
The median home price in the 16-county area has hit all-time highs in four straight months.
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Articles
Residential Real Estate: Marketplace Stats for August 28, 2020
Active listings have continued to fall throughout 2020, as sellers resist having potential buyers in their homes during a pandemic.
Pandemic has changed the way homebuyers, homeowners think about houses
After spending months in virtual lockdown, some homeowners have learned their residences just don’t serve their needs. Or more accurately, the needs of a family in quarantine.
Photo gallery: Downtown condo mixes modern, traditional
Tall ceilings, large windows and a great balcony attracted Bryan Bisson to a four-story condo on Alabama Street.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Dennis Nottingham’s Indy Home Pros Team claims the No. 1 spot (again) on the teams list, while Jennil Salazar of RE/MAX Ability Plus repeats for the second year as the top IBJ All-Star solo agent.
Residential Real Estate: Marketplace Stats for June 26, 2020
As expected due to the pandemic, the number of houses sold from March through May dropped by 10% compared with last year and the number of houses on the market dropped by 31%.
Area existing-home sales sank 23% in May as prices hit all-time high
May’s sales decline in the 16-county central Indiana area came on top of a 16.8% year-over-year decrease in April.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
Real estate agents, home sellers, buyers adjust to social-distancing norms
Local brokers have made big changes in the way they sell houses in an effort to protect buyers and sellers during the coronavirus outbreak. It’s not clear yet whether or how much the changes will hurt home sales—in the short term or long term.
Residential Real Estate: Marketplace Stats for March 27, 2020
Sales ticked up in February—but that was before the coronavirus all but shut down the local economy.
Home profile: Old World style in a home built for today
Donald and Leslie Bolinger’s vaguely Old World-looking Carmel home seems like it belongs in one of Indianapolis’ historic neighborhoods.
Indianapolis-area homebuilders see huge surge in applications
Applications for home construction permits soared 34% in the Indianapolis area in February. The flurry of new applications came before the first cases of COVID-19 hit Indiana.
Central Indiana existing-home sales finish 2019 with surge
Sales of existing single-family homes rose in three of the last four months of 2019 in central Indiana, capping off a sluggish year for transactions amid rising prices and low inventories.
Area existing-home sales drop on rising prices, low inventory
Sales of existing single-family homes decreased 4.5% in central Indiana in November—ending a two-month streak of increases.
Unexpected slow November snaps second-half surge in home-building activity
Applications for home construction fell 15 percent in November, which means Indianapolis-area builders will need a huge December to match 2018’s numbers.
Area existing-home sales tick up for second straight month
Sales are still down in the area on a year-to-date basis amid tight inventories and rising prices.
Downtown condo features great views, fresh renovation
Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Area existing-home sales tick up amid declining inventories
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
How to be a buyer in a seller’s market
This summer, houses in central Indiana sold after being on the market an average of just one month, half the time of homes sold in 2015. And that’s the average of all houses. Those that are move-in-ready and in desirable neighborhoods—the kinds of homes most buyers are looking for—are often sold within hours or, at most, a few days.