Indianapolis Property Management Update: Rental Statistics Q3 2023
Days on Market continues to be the big elephant in the room. For three consecutive quarters, Indianapolis has seen DOM at or above 50 days. That’s painful. But there is a smidge of good news: After hitting a record high 55 DOM, Indy posted 50 DOM in Quarter 3. Not great progress, but some progress […]
Indianapolis Property Management Update: Rental Statistics Q2, 2023
As anticipated, Quarter 2 has continued the trend of rising rental prices and an increase in the number of homes rented. Rental costs throughout Q2 had an average increase from the previous quarter of $1,887 to $1,947. However, noticeable increases in cities such as Fishers, Westfield, and Anderson show increases well over $100 from the […]
Indianapolis Property Management Update: Rental Statistics Q1, 2023
The beginning of 2023 has shown promise in the rental market. Last quarter we saw a small drop in the rental costs, but throughout the first quarter of 2023, we saw those numbers increase to the highest they’ve been. To start off the new year, rent prices are at an average of $1,450 in Indianapolis. […]
Indianapolis Property Management Update: Rental Statistics Q4, 2022
The housing market in 2022 certainly kept everyone on their toes. We experienced rises in both home prices and interest rates, before property numbers began to level out in quarter four. Unlike the drastic changes in the real estate market, the rental market kept a more gradual growth until it entered the fourth quarter where […]
