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 […]
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 […]
The Central Indiana rental market continued down a familiar path during this year’s second quarter. Once again, Indianapolis set a record for rents in Quarter 2, as it punched a weighty $1,362 average rent, according to numbers generated from our local MLS system. That’s up from $1,358 in Quarter 1 and significantly higher than the […]
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.