The Growing Issue of Indiana’s Declining Home Inventory

Indiana’s Declining Home Inventory

From February 2021. Indiana’s inventory of for-sale homes was tight even before the pandemic, but as consumer fear shrank surrounding COVID-19, and real estate remained an essential business, interested homebuyers flooded the market – ushering in fierce competition across the state. This boon has led to record-breaking home sale volumes and home sale prices, as well as record-breaking lows for the state’s active home inventory. Learn More

Working mostly on the South Side of Indianapolis (Greenwood/Bargersville), I have seen this first hand as buyers are looking for homes with space to spread out inside as well as more space outside to play, entertain, etc. Larger yards, more space between neighbors, dedicated spaces for home offices, and pools are some of the more high demand features buyers are looking for.

Also, high quality schools are always in high demand and the South Side of Indianapolis benefits from many schools that rank among the best in the state including Center Grove Schools, Greenwood Schools, Franklin Schools, and Franklin Township Schools.

The reality is, if you are thinking about selling this year, not only is it still a great time to buy a home with interest rates still at historical lows, but because of such low inventory and high demand for homes on the South Side of Indianapolis, you will get top dollar for your home which will allow you to use the equity in your home for a variety of things including down payment, debt reduction, savings, and more. I would love to discuss what your personal and/or financial goals may be and talk about why listing your home for sale in this market might allow you the opportunity to accelerate your goals faster than ever. Contact me today!