So...the latest stats are out and the market is insane.
How insane?
We're talking the Clown from It on a bourbon-filled bender though Willy Wonka's chocolate factory, trying to fight all the Oompa-Loompas...
...that's how insane.
Hey there! I've been drinking bottom-shelf bourbon every day for the past 24 months and I'm looking at you, Buyers!
Come again, Housing Market? I think you've had waaaay too much, and Rebel Yell ain't no breakfast drink. Stop pouring it over your morning cornflakes.
Seriously, Housing Market? We hear your threats and remain unimpressed. We know someone who can help.
Check. The. Stats.
Percentage of ask received is back to our "new normal" of slightly over 100%. Median sales price is steadily increasing, up 3.3% from last month and a healthy 13.7% from this time last year. Days on Market (DOM) continues to plummet, since we are past the holidays and the cold weather.
But here's the most surprising thing: last month, there were only 1,500 homes listed on the MLS.
Let that sink in.
In our 16 county, 110-township metro area--the 34th most populous city in the nation--there were only 1,500 homes to go around last month.
Fifteen-hundred.
That...that ain't a whole heck of a lot.
I've been into the bottom-shelf bourbon too, and drew some, uh, "highlights" onto the graph.
Take a look.
What does this mean to you?
In a low-inventory market, if you're the buyer, let's talk and go in with a strategy. I have a few tricks up my sleeve and am passionate about helping you find your dream home.
If you're a seller, SELL YOUR HOUSE NOW. Currently, there is no end in sight to these crazy-high prices, though interest rates are expected to rise and world events have some people nervous. The market may slow down somewhat, but conventional wisdom says that these high prices are here to stay.
One thing is for certain: stay the course, and I will walk this walk with you.
I'm like that. ;)
With spirit-soaked gratitude,
Miriam
Miriam Odegard
Real Estate Broker
United Real Estate Indianapolis
1425 East 82nd Street, Suite 200
Indianapolis, IN 46240
text/mobile: (317) 220-5397
email: miriam@miriamodegardhomes.com
Just want to see what's out there?
