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Spring 2012 Market Update
Five years ago the principal and interest payment on a $100,000 was $600 as compared to $484 today. Couple that with the competitive pricing of homes on the market -- This is buying power!! Although many sellers are suffering from diminished equity the flip side is that if those sellers are buying another home they can benefit from competitive pricing on homes for sale and lower interest rates on their buy. There are still many people buying and selling homes.
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $500,000 - $549,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Franklin is | Increasing |
| Seller Activity for the past 90 days in Franklin is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Multiple offers are only coming into play with bank owned homes. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | There is an exciting new program that provides 4% DOWN PAYMENT ASSISTANCE for ALL buyers who qualify for this program. Formerly there was only down payment assistance available for first time buyers, but YOU DO NOT HAVE TO BE A FIRST TIME BUYER TO take advantage of this program. |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Indianapolis |
| Housing Hot Spots | Most cities within the Marion County area are considered ’Housing Hotspots’ |
| Average Sold Price | $150,000 - View Graph Trend |
Franklin Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Cindy Dawson
317-345-0350
Request More Information Let me answer your questions!
Ask Me!
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Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Cindy Dawson
Dawson & Michael Realty, Inc.
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 317-345-0350
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