Monday, April 12, 2021

Real Estate Market Analysis from MIBOR

 Real Estate Market Analysis from MIBOR

(Metropolitan Indianapolis Board of Realtors)


“In March we saw pending sales increase 12.6% compared to last year at this time, setting the stage for strong spring market,” said Shelley Specchio, MIBOR CEO. “Over the next several months we are likely to see large year-over-year increases in sales numbers compared to April and May of 2020, the early months of the pandemic when activity collapsed. Nevertheless, buyers are still showing up, making this a great time for sellers to talk to their REALTOR®.”

 Dr. Elliot Eisenberg, an internationally acclaimed economist and public speaker says, “Despite early predictions of a grim first quarter, economic forecasts continuously improved and 21Q1 GDP growth is likely to exceed 5%. This builds on the most recent upward revision to 20Q4 which put overall 2020 GDP growth at -3.5%. At this point, with the combination of the $1.9 trillion American Rescue Plan, improving vaccination rates, substantial pent-up demand, and a large amount of forced savings from last year, there is no real reason to expect anything less than absolutely stellar growth in Q2 and Q3 2021, perhaps as high as 8.5%. By 21Q4, we will likely see slower growth and begin to see a return to trend growth.” 

Year over Year data for March:

 • Median sales price increased 8.4 percent to $226,500

 • Average days on market decreased 41.0 percent to 23

 • Current active listings decreased 61.6 percent to 1,562

#realestate #indiana #indianapolis #indianahousing 

Monday, March 29, 2021

April Activities in Indiana!

 April Activities in Indiana!


41st National Print Exhibition

Fort WayneIN    

 – 

10am–5pm

     FREE     Free Admission    

Suburban Indy Home & Outdoor Living Spring Show

WestfieldIN    


See more dates

12pm–7pm

     $$$$    

Indy Winter Farmers Market

IndianapolisIN    


See more dates

     FREE     Free Admission    

James and the Giant Peach

ValparaisoIN    

     $$$$    

Spring Jewelry & Craft Show

PortageIN    

     FREE     Free Admission    

World War I Living History Event

VincennesIN    

     FREE     Free Admission    

Stop Kiss

ValparaisoIN    

     $$$$    

Girl Scouts' Birthday Party

BloomingtonIN    


See more dates

1–2pm

     FREE     Free Admission    

22nd Annual First Brush of Spring

New HarmonyIN    

7am–2:30pm

     FREE     Free Admission    

David Pendleton

ShipshewanaIN    


See more dates

7–9pm

     $$$$    

Illusionist Rick Thomas

ShipshewanaIN    

8–10pm

     $$$$    

Welcome To Fairyville

NoblesvilleIN    

     FREE     Free Admission    

Earth Day STEM Hour

HammondIN    

4–5pm

     $$$$    

4th Friday Open Mic Nights

ValparaisoIN    


See more dates

     $$$$    

Viking Fest

WhitestownIN    

     $$$$    

Mutts Gone Nuts

ShipshewanaIN    

8–10pm

     $$$$    

VIRTUAL - Jay County Fiber Arts Festival

PortlandIN    

     FREE     Free Admission    

Bridgeton Rendezvous

BridgetonIN    

     FREE     Free Admission    

Perry County Dogwood Festival

Tell CityIN    

     FREE     Free Admission    

Sassafras Tea Festival & Civil War Living History

VernonIN    

     FREE     Free Admission    

Classic American

IndianapolisIN    

7:30–9pm

     $$$$    

3 Little Birds Market

ValparaisoIN    

 – 

     FREE     Free Admission    


#indianathingstodo #indianaactivities #indianafestival #indianafair #realestate #indianaapril #aprilactivites







Monday, March 15, 2021

Metro Indy Real Estate Market Insights

Metro Indy Real Estate Market Insights 


The housing market is one of the largest and most important sectors of the U.S. economy. To understand the trends within the market one must analyze activity both month-over-month and year-over-year. 

In this Market Insights Report, MIBOR REALTOR® Association (MIBOR) provides a market analysis of the 16 central Indiana counties within the MIBOR service area by creating a single, timely, reliable source of data. In this report, MIBOR has separated townhouse/condo inventory and properties for lease from the aggregated totals. This decision was made to add clarity to the data as the single-family residential segment is typically the focus. However, as our research shows, walkable neighborhoods with mixed use property types is becoming a consumer preference and a good investment for municipalities. Given this information, we have added a section to the report to address condos and “condo lifestyle” as it is defined within our data.

 To create a comprehensive view of the market, MIBOR has scheduled the data pull to happen on the 5th day of the month for the prior month. After review, the the completed reports are posted by the second Friday of the month at www.mibor.com/ marketinsights.

 After analysis of the February 2021 data, this is what our experts are saying:

 “The Indianapolis February median sales price of $223,500 was at an all-time February high and rose 18.9% over last year,” said Shelley Specchio, MBOR CEO. “In addition, active inventory dropped to an all-time low of just 1,577 listings. REALTORS® agree the steep dip in new listings and continued high demand make this an optimal time to consider listing your home. Talk to a REALTOR® today to learn what your home is worth and the many options available if you want to sell.

” Dr. Elliot Eisenberg, an internationally acclaimed economist and public speaker says, “The economic forecast for 21Q1 continues to improve, with GDP likely to exceed 4.0%, resulting from strong retail sales, steadily rising vaccination rates, improving weather, and inventory rebuilding. The $1.9 trillion Biden stimulus will further boost the recovery, and as a result, economic growth should continue to improve and peak out in Q2 and Q3 at growth rates over 7%, with Q4 at a lower but still strong 4%. By mid-2021 GDP should be back to pre-pandemic levels, and CY2021 GDP should well exceed 5%, its best performance in almost 40 years.

” Year over Year data for February:

 • Median sales price increased 18.9 percent to $223,500

 • Average days on market decreased 44.1 percent to 33

 • Current active listings decreased 59.8 percent to 1,577


#realestate #marketdata #indianarealestate #indianapolisrealestate #MIBOR 

Monday, March 1, 2021

March Madness - More than Basketball going on this month in Indiana

 March Madness - More than Basketball going on this month in Indiana


World Famous: The Olivers and the American Dream

South BendIN    

 – 

Details     $$$$    

Art Barn Student Exhibition

ValparaisoIN    

 – 

     FREE     Free Admission    

Ice Skating under the Urschel Pavilion

ValapraisoIN    

 – 

     $$$$    

Exhibit: Votes for Women

South BendIN    

 – 
See more dates

     $$$$    

Nickelodeon’s Dora & Diego- Let’s Explore

IndianapolisIN    

 – 
See more dates

10am–5pm

     $$$$    

Voices by DJ E-Clyps

Fort WayneIN    

 – 

10am–5pm

     FREE     Free Admission    

Girl Scouts' Birthday Party

BloomingtonIN    


See more dates

6–7pm

     FREE     Free Admission    

First Thursday

IndianapolisIN    

4–8pm

     $$$$    

Indy Winter Farmers Market

IndianapolisIN    


See more dates

     FREE     Free Admission    

SUE

IndianapolisIN    

 – 

10am–5pm

     $$$$    

Mixed Rep

CarmelIN    

4–5pm

     $$$$    

Home School Art Day

PlainfieldIN    

1–3pm

     $$$$    

Maple Sugar Time

PorterIN    

     FREE     Free Admission    

Spring Ahead Celebration

PortageIN    

     FREE     Free Admission    

Hoppy Bunny Pottery Painting Class

NoblesvilleIN    

6–8pm

     $$$$    

uPaint Pottery Painting Class

PlainfieldIN    

6–8pm

     $$$$    

Maple Sugar Time

PorterIN    

     FREE     Free Admission    

4th Friday Open Mic Nights

ValparaisoIN    


See more dates

     $$$$    

2021 Hoosier Films Annual Festival

BloomingtonIN    

     $$$$    

Annual Metamora Mandolin Gathering

MetamoraIN    

     $$$$    



#festival #thingstodoinindiana #indiana #fair #marchmadness #march #realestate