“Indianapolis is one of the fastest-selling metros in the country,” said Chris Glynn, a senior economist at Zillow, a real estate website and research firm. “The typical home in Indianapolis is selling in five days or less.”
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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.
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When Vince Peiffer and business partner Phil Carrao purchased the house at 640 E. 10th St. last year, it was in poor condition. All the floors were out of level, structural problems in the basement had to be addressed, and the siding was falling off. The two purchased the Chatham Arch neighborhood home, built in […]
Host Mason King sat down with McLaughlin to learn how he closed so many sales, what makes his approach different and what he thinks about central Indiana’s red-hot real estate market.
In announcing Mark Fisher’s selection on Thursday, the Indiana Association of Realtors praised his experience in a wide range of policy matters important to the group and its members.
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.
Three veteran real estate agent teams solidified their lock on the top three places in IBJ’s All-Star team rankings for the fourth straight year, with Dennis Nottingham’s Indy Home Pros Team taking the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus is the new top IBJ All-Star solo agent.
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.
A new study shows that Indianapolis area home values have increased just 12.8 percent increase over a 15-year period. That’s less than in metro areas on the coasts and even some in the Midwest.
See which solo real estate agents and which teams rack up the most home sales in central Indiana.
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
