Marion County, however, saw a 4.7 percent increase in closed home sales in March amid rising inventories.
The lots were among the last available spaces to nab close to the main drag in Fountain Square, a neighborhood where Fisher and his family’s business, RCA Properties LLC, already owned substantial property.
Three longtime high performers retain the top spots in IBJ’s All-Star team rankings, while Mike Duncan marks 20 years as an agent by topping IBJ’s list of solo stars.
The number of active listings in central Indiana has inched up slightly after dropping to fewer than 5,000 earlier this year.
An especially low inventory of homes for sale is driving up prices and requiring buyers to take unusual steps to secure the places they want.
The total number of active home listings in the 15-county central Indiana region dropped 25 percent from the end of May 2017 to the end of last month.
The market rebounded from an off-month in March, when sales dropped 7.5 percent on a year-over-year basis—the first decline in seven months.
The total number of active home listings in the region plummeted 19.4 percent, from 8,489 at the end of February 2017 to just 6,845 at the end of last month.
A politically influential group representing real estate agents is taking the rare step of opposing Indianapolis Public Schools’ $725 million proposal to raise property taxes to increase school funding.
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
The housing market remains strong—and sales could surpass last year’s record—despite the low inventory of homes for sale, says F.C. Tucker President Jim Litten.
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
President-elect Donald Trump is moving to the nation’s capital next month and bringing with him an administration of millionaires and billionaires who are going to need places to live. Many are looking right now.
The MIBOR Realtor Association on Thursday announced that Shelley Specchio will become CEO on Feb. 1, succeeding the retiring Steve Sullivan.
Encore Sotheby’s International Realty said the property was the largest single-family residential real estate sale in the local office’s six-year history and the largest ever in Marion County listed in the Metropolitan Indianapolis Board of Realtors database.