It's hard to believe we've already finished up the first quarter of 2019.
While there are no major surprises this time around, there are a few things to take note of.
I'd also like to take a moment to point out that these numbers come straight from the MLS, and obviously not all rental properties are listed there. While this analysis isn't comprehensive, it definitely gives a great overall look at how the market is performing.
Lets take a look at the numbers...
Happy New Year, everyone!
It's time to recap last Quarter's rental activity in Central Indiana, as well as examine 2018 in whole.
In short, as we've noted many times in this blog, the rental market remains healthy in Central Indiana.
While we did just experience our first snow storm of the season, this Winter has been extremely mild, which, I'm sure, helped generate more activity than we normally see this time of year.
The Central Rental Market Machine chugged right along during this year's Third Quarter, posting some impressive numbers, particularly in Indianapolis.
Generally, prices are steady, number of rented homes are up and days on market are down.
All of which are good numbers for Landlords.
Updated, fresh from the oven, Indianapolis rental statistics are in for Second Quarter, 2018.
Mostly, things were steady, but a couple of interesting numbers appeared that are worth some discussion.
After suffering through its worst quarter in four years, the Central Indiana rental market saw a huge rebound during this year's first quarter.
In spite of a less than stellar January, where frigid temperatures kept a lot of people indoors instead of out looking for rental homes, first quarter numbers were eerily similar to quarter one of 2017.
As many of you know, Central Indiana is a seasonal rental market. The first half of the year is booming, the second half... well, not so much.
And the 4th quarter of every year is always the slowest.
This year was no different.
In fact, you'll have to go back more than four years to find a slower quarter for rental properties.
