Made Personal Realty

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Indianapolis, IN
Made Personal Realty

Real Estate Agent/REALTOR® for Made Personal Realty @ Highgarden Real Estate

09/30/2024

August 2024 Market Update: The median sales price for a single-family home in Central Indiana increased 3.3% over last year to $310,000, up 1.6% from last month. Lower interest rates and increased inventory seemed to help push this increase, as we see prices typically lower after July. While lower interest rates and increased inventory provide some welcome relief to buyers, we will be evaluating how much consumer demand responds to the rate cuts, and what this means for inventory levels through the rest of the year. At this point, while prices are holding steady, homes are seeing longer days on market, indicating some still some hesitancy on the part of buyers.

Check the link in the comments for the full August Market report!

08/14/2024

July 2024 Market Update: While home prices continue to appreciate on a year-over-year basis, they came down slightly from the all-time high in June. Active inventory continues to slowly improve, but resilient demand has kept absorption rates low. While Central Indiana hasn't shown a definitive shift yet, we are watching other markets throughout the country as national data shows market dynamics slowly moving in the buyer's favor.

New listings increased 1.5%, year-over-year, but decreased 2.6% from June. The median days on market rose to 13 days, a noticeable increase from 8 days last year. Active inventory increased over last year with 4,551 single family homes for sale, reflecting a 1.6-month supply.

Check the link in the comments for the full July Market report!

07/19/2024

June 2024 Market Update: The median sales price in Central Indiana reached another all-time high in June, increasing 6.7% over last year to $320,000. Despite the continued growth in active inventory, we have yet to see relief in affordability. Closed sales and new listings were down year-over-year, while active inventory increased over last year with 4,282 single family homes for sale, reflecting a 1.6-month supply.

Check the link in the comments for the full June Market report!

06/18/2024

May 2024 Market Update: The median sales price for a single-family home in central Indiana increased to $315,500, an all-time high for our market. However, the typical listing received 98.7% of the asking price, meaning prices could have pushed even higher. Active inventory increased for the fourth straight month with 3,581 single family homes for sale, reflecting a 1.3-month supply. This should provide some good news in choice for house hunters, even though prices and mortgage rates continue to increase.

Link to the full market report included in the comments!

05/20/2024

April 2024 Market Update: Despite inventory growth, there continues to be unmet demand, which resulted in tying the all time high of $300,000 for median sales price. The median days on market was just 8 days, up from 6 last year, and down from 10 the previous month. Active inventory increased for the third straight month, reflecting a 1.1-month supply.

Astonishingly, greater than 90% of the country's metro areas experienced home price growth despite facing the highest mortgage rates in two decades. In the current market, rising prices are the direct result of insufficient housing supply not meeting the full demand.

Link to the full market report included in the comments!

04/26/2024

Recently, I got the chance to tour the six high-end homes that are being featured in the Indy-Rama Home Show. Come with me and take a look at what luxury living is like in Downtown Indy!

This show is still going on through this weekend - I will be leaving a link to tickets in the comments.

04/16/2024

March 2024 Market Update: The spring selling season is in full swing, as shown by the median sales price for a single-family home in central Indiana jumping 6.5% over last year to $293,000, a 4.5% increase from last month. Inventory remains tight, but new listings grew meaningfully from last month, and pending sales were nearly 7% higher than last year. The typical listing received 98.2% of the asking price, relatively unchanged from 98.1% last March. Active inventory at the end of the month was 3,215, an increase of 12.5% from last year but relatively flat from the previous month, reflecting a 1.3-month supply.

Link to the full market report included in the comments!

04/12/2024

Recently, I had the chance to walk through three newly constructed homes in Fishers, Indiana. Thank you to Fischer Homes for letting me see these beautiful new builds! Come take a tour with me and see what new construction can offer you!

Link to the community will be included in the comments!

04/05/2024

With the market heating up, I wanted to put together a quick video talking about the top things you need to know when selling your home in 2024. I also address some changes happening in the real estate industry.

Important links included in the comments!

03/29/2024

As the market heats up, I wanted to do a quick video talking about the top things you should know when going to buy a house in 2024. I also address some changes coming in the real estate industry.

Link to the proposed NAR settlement in the comments!

03/15/2024

February 2024 Market Update: The median sales price for a single-family home in central Indiana was $280,000, an increase of 1.8 percent over last year and unchanged from the previous month. Since January 2015, 108 of the following 110 months have experienced a year-over-year price increase. The typical listing received 97.4 percent of the asking price, relatively unchanged from 97.5 percent last February. The median days on market was 16, relatively unchanged from last year, and down from 30 the previous month. Active inventory at the end of the month was 3,247, reflecting a 1.7-month supply. While the job market remains solid, the country's total wealth reached a record high due to stock market and home price gains. This combination of economic conditions is favorable for home buying. However, consumers are showing extra sensitivity to changes in mortgage rates in the current cycle, and that's impacting home sales.

Link to the full market report included in the comments!

03/01/2024

Property taxes! Two words that most people hate but I get so many questions about them. I put together this video last year that talks all about property taxes: what they are, how they are figured, and even how to appeal them. I wanted to repost it just as a refresher. Links to everything I mention in the video will be included in the comments below!

Address

8500 Keystone Crossing, Suite 170
Indianapolis, IN
46240

Telephone

+13173859695

Website

http://madepersonalrealty.com/

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