Indianapolis Property Management Update: Rental Statistics Q1 2024
The curse of increased Days on Market (DOM) has made a fierce comeback in Indianapolis. In Quarter 1 of 2024, it took an average of 59 days (yes, 59!) to lease a home in Indianapolis. This echoes the less-than-ideal trends seen in Q1-Q3 of 2023. This serves as a stark reminder that investors are struggling […]
Indianapolis Property Management Update: Rental Statistics Q4 2023
In the fourth quarter, a significant shift occurred as Indianapolis managed to break free from the 50+ days on market (DOM) curse that has persisted. October and November witnessed a refreshing change, with the City experiencing mid-to low 40s in terms of DOM for the first time in 2023. However, things took a turn in […]
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 […]
