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24 September 2024 | 2 replies
Housing Market ConditionsMedian Sale Price: $395k• YoY Price Growth: 8.7%• 5-Year Price Growth: 50%Housing Inventory: Less than 7,000- low (Below pre-pandemic levels)Property Tax Rate: 0.42Average Insurance: $1,680Median Rent: $1,895 (single-family house)• YoY Rent Growth: 1%• 5-Year Rent Growth: ???
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24 September 2024 | 0 replies
This price growth is largely driven by continued low inventory levels, which have kept competition high among buyers, even as average days on market have increased to 36 days(Nest Realty)(Garretts Realty).In Southern Indiana, activity is up with new listings growing by 8.2%, though sales have seen slight declines.
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24 September 2024 | 21 replies
We just saw few target properties go from active to contingent/pending status on MLS, it's hard to land on good cash-flow/turn-key property with low inventory nowadays.
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23 September 2024 | 11 replies
That's probably 4 months of inventory.
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25 September 2024 | 22 replies
And when inventory got ultra low that did not work anymore and we shifted to move-in ready.If you are after cash flow, real estate is not what you want in 2024.
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27 September 2024 | 66 replies
Yes, inventory is ultra-low and discounts are almost non-existent.
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23 September 2024 | 7 replies
I would be investing in Austin, TX, where this seems to be a growing trend with the current tight inventory of conventional housing and lots of surrounding land.
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23 September 2024 | 7 replies
Inventory has jumped over 50% from a year ago, but values continue to rise at almost 3%.
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23 September 2024 | 10 replies
For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory.
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24 September 2024 | 27 replies
Whether buying land to develop, buying existing Storage locations, reduce risk of over inventory of storage units in one market, TIME waiting for either land or a location to become available for sale, while we are trying to grow our business.Start small and MAKE YOUR BIG MISTAKES EARLY.