Welcome to 2021! For many, if not most of us, we are happy to get 2020 in our rearview mirror, especially since a vaccine is here and being rolled out across the globe. Time will tell how effective it is, but it is a great start and a light at the end of a very long, dark tunnel. We mourn those we have lost, including loved ones, friends, neighbors, businesses, and non-profit organizations. No one seemed to be immune, however we have to believe that we will rise stronger than ever and fresh new opportunities will arise as a result of the struggles and pain we have endured. We truly hope and pray this is true and that 2021 will start to return to our 'new normal'.
We hope you are able to enjoy some downtime safely with family for the holidays and recharge for the coming year. Our family is staying home this year. Usually, we go see Brigid's family in St. Pete, FL or they come here, but with COVID they are staying put and so are we. Jack and Mary Anne are coming over for Christmas Eve dinner and then present opening from each other. Christmas morning will be a Zoom call with them as well as Brigid's parents watching the girls open their presents. While not ideal, we will make it work and enjoy time together, even if it is virtual. We hope you are able to include family virtually as well this year to continue your traditions, even if they look a little different.
Thea & Michael are traveling back home to Cleveland for Christmas and enjoying time with family.
Patti & Ron are staying home as well with Ron enjoying his newly-found retirement. Patti took last week off to finish getting things ready for Christmas and spend time with Ron.
Kylie and her family will spend Christmas together as well and enjoy some much-deserved downtime with her taking the last two weeks of the year off.
The housing market has continued to get tighter and tighter with prices climbing every month. In fact, they climbed 19.6% since last November, which is an all-time record. Indianapolis has been identified as one of the top ten major metros in the US to have weathered and continue to weather the COVID and post-COVID markets the best. We are expecting a super-busy 2021 with home sales. If you are thinking about making a move, give us a call! We would love to hear about your goals and plans and how we can help make them a reality.
Here are some stats comparing November 2020 to October 2020, per MIBOR for the 16 counties it serves:
Median sales price-UP 1.8% to $224,900
Closed sales-DOWN 15% to 3,191 units
New listings-DOWN 28.2% to 2,707 units
Pending sales-DOWN 11.6% to 3,057 units
Days on market-UP 24% to 31 days
Price per s.f.-DOWN 0.8% to $128
% of ask received-DOWN 0.2% to 98.6%
Active inventory-DOWN 12.4% to 2,870 units
Absorption rate-FLAT at 0.9 months
As you can see, activity has dropped, but that is expected at this time of the year. We expect activity to pick up again as we approach spring.
May you enjoy the holidays with your family and take some downtime. We are grateful you are part of our tribe and look forward to continue serving you into 2021.
If you are thinking of selling your house, come to our Home Seller Workshop on 1/12/21 at 7pm. We would love to have you. It is a small group and socially-distanced. We will be providing tips and tricks on how to best prepare your house to sell and maximize your value. RSVP to me at 317-339-7698 or Steve@Welcome2Indy.com. We would love to have you!!!
Also, if safe, we will having our first Happy Hour of 2021 on Thursday, January 21st from 5-6:30pm. Check your e-mail in the coming weeks for more info and updates.
Check out our January newsletter below along with links to other resources. Happy New Year!!
Watch Steve's January video intro here
Read our January newsletter here
Download the most powerful real estate app here
Grab coupons and discount at places you shop every day here
Read and watch what our clients have to say about our service here
Watch a 1-minute video about the real estate market here
Your friends in real estate,
Steve, Kylie, Patti, Thea
P.S. Please don't keep us a secret!
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