Indianapolis, Indiana, welcomes the vibrant colors and cool breezes of October with a plethora of free events and activities for everyone to enjoy. Whether you're a food enthusiast, an art lover, a nature enthusiast, or simply looking for family-friendly fun, there's something for you in and around the city. Let's explore the exciting lineup of free events happening this October.

  1. Hancock County Fairgrounds Farmers Market

Nestled in the heart of charming Hancock County, the Hancock County Fairgrounds Farmers Market is a year-round haven for food enthusiasts. In October, this market comes alive with vibrant flavors of locally sourced meats, fresh produce, delectable baked goods, and a delightful variety of artisanal products. It's a food lover's paradise that you can enjoy for free. 

  1. Lafayette Farmers Market

The Lafayette Farmers Market offers the best of Indiana's outdoor markets. In October, immerse yourself in the freshest produce and a delightful browsing opportunity along historic 5th Street. On October 7, enjoy Kristen Rodrey's Indie Rock and the soulful tunes of The Band Sheeza. Mark your calendars for October 21 and 28 for more musical surprises. Convenient parking is available at the 5th Street Parking Garage, and both cash and credit are accepted. This outdoor market experience is free to all.

  1. McCloud Prairie Maze

Step into the enchanting world of squirrels at the 2023 McCloud Prairie Maze, nestled within McCloud Nature Park. Admission is absolutely FREE! Watch these charming creatures chew on the unexpected, learn about different squirrel types, and even catch a glimpse of their UV glow. Don't miss the squirrel-themed maze, suitable for all ages. Remember to dress comfortably, bring water, and make it a memorable family outing.

  1. Noblesville Farmers Market

The Noblesville Farmers Market promises a delightful experience for all visitors. Whether you're in search of locally sourced honey, farm-fresh meats, vibrant flowers, or handcrafted candles, you'll find it here. Visiting in October adds an extra layer of charm as you immerse yourself in the rich autumnal atmosphere while exploring these incredible offerings. It's a perfect way to enjoy a fall day, and it's entirely free 

  1. Summer Market with Broad Ripple Farmers Market

Explore the vibrant Broad Ripple Farmers Market (BRFM), your local source for fresh, seasonal delights. In October, embrace the autumnal charm as you discover crisp apples, colorful pumpkins, and more. Your visit not only satisfies your senses but also supports future Market growth, thanks to the Broad Ripple Village Association (BRVA). This experience is free for all to enjoy.

  1. CommuniTEA Yoga + Meditation at Tea's Me Community Cafe

Unwind and find inner peace at Tea's Me Community Cafe in Tarkington Park with CommuniTEA Yoga + Meditation, hosted by Indy Community Yoga. This free yoga and meditation session welcomes all levels of experience, and it's a great way to start your day.

  1. Drag Story Hour: Halloween Edition at Indy Reads

Join the enchanting Prince Brentlee for a special Drag Story Hour, launching the spooky season with style! This family-friendly event celebrates the beautiful gender fluidity of childhood through storytelling and imagination.

Admission is free, however, generous donations to support literacy, love, and acceptance are warmly welcomed!

  1. Fall Harvest Festival at W.S. Gibbs Memorial Park

Step into the vibrant tapestry of autumn at the 2nd Annual Fall Harvest Festival at W.S. Gibbs Memorial Park! This festive celebration of the fall harvest season includes corn-shucking, harvest-themed games, and a variety of quintessential fall activities suitable for all ages.

  1. Free, Friendly Saturday Outdoor Yoga, Meditation, and Mindful Dialogue with Indy   

      Community Yoga

Join Tony and the community every Saturday for a refreshing outdoor yoga session, serene meditation, and mindful dialogue under the trees. All levels of experience are welcome, and it's an excellent opportunity to connect with nature and others.

  1. Harvest Moon Festival with Town of Avon Indiana

Join the Town Festival for fall fun at the Harvest Moon Festival! Enjoy a bonfire, arts and crafts, indulge in apple delights, and don't forget to register for wagon rides and pumpkin carving. It's a fantastic family-friendly event.

  1. Mindful Nature Walks with Indy Community Yoga

Experience serene mindful nature walks every month at The 100 Acres park. Suitable for all ages and abilities, these walks require no prior experience and are a wonderful way to connect with nature.

  1. Pokemon League/Club at Hometown Comics and Games

Online game enthusiasts can partake in virtual fun every Saturday at Hometown Comics and Games. They host a Pokémon League from 12 pm to 2 pm and a Kill Team event from 1 pm to 3 pm. It's a great way to connect with fellow gamers.

  1. Monument Circle Art Fair

This enjoyable public gathering celebrates the talents of local artists and offers a family-friendly environment with an array of activities. The Monument Circle Art Fair is a single-day event that brings together art exhibitions, live music, delectable food, and more, all centered around the iconic Soldiers and Sailors Monument in downtown Indianapolis.

  1. Visit RE/MAX Advanced Realty Open Houses.

While Indianapolis offers a plethora of free events and activities during October weekends, don't miss the opportunity to explore the local real estate market. Visit RE/MAX Advanced Realty Open Houses to discover a variety of homes available in the area. Whether you're actively looking for a new home or just curious about the local real estate scene, this can be an informative and enjoyable experience.

These are just a taste of the fantastic and free activities happening in Indianapolis throughout October. Whether you're interested in savoring local flavors, connecting with nature, exploring arts and culture, or enjoying a relaxing yoga session, there's an event or experience waiting for you. Embrace the spirit of October and indulge in these cost-free delights! 

Note: While we've made every effort to provide accurate information, please keep in mind that event details may change. To stay updated, be sure to visit the official websites of the respective events for the latest updates and any specific details. We recommend verifying all information directly from the event organizers to ensure a smooth and enjoyable experience.

 

 

The real estate market in Indiana is a dynamic and ever-changing landscape, influenced by various factors, including economic conditions, seasonal variations, and buyer and seller behaviors. In August 2023, we witnessed a range of trends and shifts across 16 counties, encompassing all property types. Let's delve into the numbers and understand what the data tells us about the state of Indiana's real estate market.

Median Sales Price Soars: The median sales price for all property types combined in August 2023 stood at $295,000. This marked a substantial 5.4% increase compared to the same period in 2022. It's worth noting that the housing market has been experiencing a steady appreciation in property values, which can be an attractive prospect for sellers.

Nevertheless, it's essential to note that the market experienced a modest adjustment when compared to July 2023, showing a 1.6% decrease in median sales prices. This dip could be seen as a sign of market recalibration or heightened competitiveness.

Closed Sales See Mixed Trends: The number of closed sales in August 2023 totaled 3,091, reflecting an 18.5% decrease compared to August 2022. This drop in closed sales might raise some eyebrows, but it's essential to consider various factors such as seasonality and changes in buyer demand.

On a positive note, there was a 2.3% increase in closed sales compared to the preceding month, July 2023. This suggests a potential stabilization in the market and could indicate that buyers and sellers were finding more common ground during this period.

Properties Spend More Time on the Market: In August 2023, properties took a median of 10 days to sell. This represented an 11.1% increase compared to August 2022 and mirrored the increase seen in July 2023. A longer time on the market can be attributed to factors such as increased competition among sellers or buyers becoming more discerning in their choices.

List Price Negotiations: Sellers received an average of 98.8% of their list price in August 2023. While this is still a strong showing, it marked a slight 0.6% decrease compared to August 2022 and a 0.4% decrease compared to July 2023. These changes indicate that buyers may have had slightly more room for negotiation during this period.

Price per Square Foot and Property SizesIn August 2023, homes were selling at an average price of $155 per square foot. While this was 2.5% lower than August 2022, it's worth noting that there was no change compared to July 2023. This suggests that the real estate market is adjusting to meet evolving buyer preferences and property offerings, which can create new opportunities for both buyers and sellers.

New Listings and Active Inventory: August 2023 saw 3,715 new property listings, which was a 9.6% decrease compared to August 2022. However, there was a notable 7.6% increase in new listings compared to the previous month, July 2023, indicating a potential surge in sellers entering the market.

The active inventory of available properties in August 2023 was 4,614, showing a 2.7% decrease compared to August 2022. Despite this year-over-year decline, there was a 1.5% increase in active inventory compared to July 2023, signifying a potential rise in property availability.

Months of Supply of Inventory: The months of supply of inventory in August 2023 was 1.5, which is a 19.4% increase compared to August 2022. However, it represented a 0.8% decrease compared to July 2023. A months-of-supply metric of 1.5 generally indicates a balanced market, with supply and demand relatively aligned.

In conclusion, Indiana's real estate market in August 2023 displayed a mix of growth and stabilization. Median sales prices continued their upward trajectory, albeit with a slight cooling in July. Closed sales saw a year-over-year decrease but an increase from the previous month. Properties spent more time on the market, and list price negotiations showed some flexibility. The price per square foot and property sizes underwent some changes, suggesting shifting buyer preferences. New listings surged in July, and active inventory increased slightly. The months of supply of inventory pointed towards a balanced market.

As always, the real estate market is influenced by multiple factors, and these statistics provide a snapshot of a dynamic and evolving landscape. Whether you're a buyer or a seller, staying informed about these trends can help you make more informed decisions in Indiana's real estate market

 

Note: The data mentioned in this article is sourced from the MIBOR Broker Listing Cooperative as of September 14, 2023. The analysis covers 16 counties in Indiana and includes various property types such as Single Family Residence, Condominium, Townhouse, Farm, Residential, and Manufactured Home. 

 

Ready to explore Indiana's dynamic real estate market? Keep in mind that these insights offer only  a snapshot of the broader picture. For precise and up-to-date information about your specific area or property, don't hesitate to consult with local real estate professionals. Your dream home or the perfect buyer might be just around the corner.

In the quest for your ideal home, we bring you an exceptional selection of residences that perfectly balance charm, luxury, and affordability. These reduced-price listings offer not only the picturesque living spaces you desire but also incredible value for your investment.  From lakefront retreats to cozy suburban havens, these listings offer the perfect blend of comfort, style, and affordability. Let's dive into these remarkable opportunities:

 

7758 Timber Cliff Ln, Trafalgar, IN 46181

Listed by Rob Campbell | (317) 695-1315

Indulge in the allure of lakeside living with this enchanting log home by Lamb Lake. Featuring a covered porch and a screened area with a lake view, this turnkey haven offers a serene escape. Custom kitchen cabinetry, stainless steel appliances, and an open layout define the heart of the home. A 2-story ceiling, built-in cabinets, and a cozy fireplace elevate the living experience. With a party deck, covered boat lift, and more, this property is a true gem.

 

2451 Forest Hills Blvd, Greenwood, IN 46143

Listed by Rob Campbell | (317) 695-1315

Experience unparalleled elegance in this meticulously maintained custom ranch. A spacious kitchen with granite counters, cherry cabinets, and SS appliances sets the tone for culinary delight. The sunroom opens to a garden-like backyard with a firepit for cozy evenings. Indulge in the luxury of a tray-ceiling master suite, additional bedrooms with a Jack N Jill bath, and versatile living spaces in the lower level. This is your dream home in waiting.

 

9010 Mercer Dr, Fishers, IN 46038

Listed by Jeff Cloyd | (317) 775-8600

Unlock incredible savings with an assumable 3.375% mortgage in the heart of Fishers. This professionally designed townhome showcases 3 bedrooms, 2 full baths, and 2 half baths. The updated kitchen is a chef's paradise, and a family room with a gas fireplace adds a cozy touch. Ensuite bedrooms with walk-in closets provide comfort, while the Nickel Plate Trail offers outdoor adventure. Your furry friends are welcome too!

 

 3116 Shadow Lake Dr, Indianapolis, IN 46217

Listed by Doug Davis | (317) 506-8887

Highly appealing two-story home on an expansive third-acre lot with ample spacing between neighbors, boasting an inviting open entry, sizable formal dining, and a contemporary open-concept kitchen connected to the great room. Abundant countertops, cabinets, island, and walk-in pantry complemented by newer appliances and updated fixtures, ensuring a turnkey experience. The upper level offers a versatile loft, perfect for family, office, or creative use. The master bedroom features elevated ceilings, a luxurious soaker tub, separate shower, dual sinks, and a walk-in closet. Bonus storage beneath the stairs and a well-appointed laundry room. Enjoy the outdoors on the open backyard patio, all set for immediate occupancy, with newer lower-level flooring.

 

1320 Flintlock Dr, Greenwood, IN 46143

Listed by David Cook  | (317) 319-7895

Discover spacious living in the sought-after Crooked Bend subdivision. This 3-bedroom patio home boasts an open floor plan, built-in shelves, and a double-sided fireplace. The upper bedroom offers versatility as a loft, playroom, or exercise space. With meticulous care and a new roof, you can enjoy worry-free living while the HOA tends to lawn and snow removal. Convenience and comfort await.

 

2418 Woodmont Ct, Plainfield, IN 46168

Listed by Mukul Khanna | (317) 203-9593

Embark on a journey of comfort and sophistication in this splendid 3-bedroom residence. A spacious living room and family room cater to relaxation and entertainment. The expansive kitchen with a commercial-sized refrigerator and stainless steel appliances is a culinary haven. Generous bedrooms provide individual sanctuaries, while the fenced backyard beckons outdoor gatherings. Avon school district adds to the allure.

 

420 N Gladstone, Indianapolis, IN 46201

Listed by Aubrey Sanchez | (317) 954-6950

Your move-in-ready dreams come true near downtown Indy. Updates within the last 4 years include HVAC, Water Heater, Plumbing, Electrical, Windows, and Flooring. The oversized covered front porch offers relaxation, while the finished basement with a full kitchen, bath, and bedroom offers versatility. Embrace this opportunity today.

 

1507 E Clinton St, Frankfort, IN 46041

Listed by Katrin Teverbaugh | (765) 426-0585

Unveil hidden space in this 3-bedroom gem boasting an office/den, dine-in kitchen, large basement, and more. With luxury vinyl plank flooring, an ensuite primary bedroom, and abundant potential, this property offers flexibility and style. Enjoy the patio, fenced backyard, and the convenience of a detached two-car garage. USDA loan eligibility opens doors to your homeownership dreams.

 

Discover your perfect abode among these enticing price-reduced listings. With homes that merge elegance, comfort, and value, you're closer than ever to finding the haven you've always dreamed of. Reach out to the listed agents and seize the chance to transform these houses into your very own home sweet home.

Contact RE/MAX Advanced Realty now at 317-298-0961  (West office) or  317-881-3700 (Greenwood Office) to schedule showings, ask questions, and take the first step toward owning one of these amazing properties! 

Father's Day is a special occasion to honor and celebrate the incredible dads in our lives. If you're in Indianapolis or planning to visit the city, there are plenty of exciting activities to make this Father's Day memorable. Whether your father is a sports enthusiast, outdoor adventurer, history buff, DIY enthusiast, or nature lover, Indy has something for everyone. As Indy’s Leading Brokerage, RE/MAX Advanced Realty knows Indiana and what our beautiful state has to offer. Join us as we explore a range of fun-filled experiences to celebrate Father's Day in Indy.

Sports Enthusiasts

For Sports Loving Dads, Indianapolis is a city that offers a range of exciting destinations and activities. From iconic stadiums to interactive museums and thrilling sporting events, Indy has something to satisfy every sports enthusiast. 

Here are some of the top places to consider visiting in Indianapolis for dads who love sports.

Lucas Oil Stadium

Start your sports adventure by visiting Lucas Oil Stadium, the home of the Indianapolis Colts (NFL). Take a guided tour of the stadium to explore behind-the-scenes areas, including the playing field, locker rooms, and press box. It's a fantastic opportunity to experience the energy of an NFL stadium and learn more about the team's history

 

Gainbridge Fieldhouse

If your dad is a basketball enthusiast, make sure to catch a game or attend a basketball event at Bankers Life Fieldhouse. This is the home of the Indiana Pacers (NBA) and the Indiana Fever (WNBA). Enjoy the thrilling atmosphere of professional basketball and cheer for the home team as they showcase their skills.

Indianapolis Motor Speedway

For dads with a passion for motorsports, a visit to the Indianapolis Motor Speedway is a must. Explore the Speedway's Hall of Fame Museum, which houses an extensive collection of race cars and memorabilia from the Indy 500 and other prestigious races. Don't forget to take a tour of the iconic track itself to experience the thrill of this legendary venue.

Victory Field

Baseball-loving dads will appreciate a trip to Victory Field, home of the Indianapolis Indians (Triple-A baseball). Enjoy a day at the ballpark, savoring classic ballpark snacks while watching the game. The stadium offers an excellent view of the downtown skyline, adding to the overall ambiance.

Indianapolis Motor Speedway Museum

Within the Indianapolis Motor Speedway complex, the Indianapolis Motor Speedway Museum is a treasure trove for sports-loving dads. Explore exhibits dedicated to the history of auto racing, featuring iconic race cars, artifacts, and interactive displays. It's a chance to dive deep into the sport and learn about its evolution.

Outdoor Adventurers

For fathers who are passionate about the great outdoors, Indianapolis offers a treasure trove of exciting activities and breathtaking landscapes to explore. Whether dad is an avid hiker, a thrill-seeking kayaker, or simply love to soak in the beauty of nature, Indy has something for every outdoor enthusi

ast dad. 

 

Hiking at Turkey Run State Park

Embark on an adventure amidst sandstone gorges, waterfalls, and picturesque trails at Turkey Run State Park. Discover hidden caves, cross wooden footbridges, and soak in the stunning natural scenery. Pack a picnic and enjoy a scenic lunch surrounded by breathtaking views.

 

Canoeing or Kayaking on the Tippecanoe River

Experience the thrill of paddling through Indiana's scenic waterways on the Tippecanoe River. Enjoy the tranquility as you navigate gentle currents, observe the vibrant flora and fauna, and create lasting memories with your family.

 

Outdoor Escapade at Go Ape

Treat  dad to an unparalleled outdoor experience at Go Ape. Get ready to embark on an exhilarating journey through the treetops, conquering daring obstacles and exploring the forest from a whole new perspective. With multiple ziplines offering breathtaking heights, this adventure is sure to make your dad's heart race with excitement.

 

Go Biking on the Monon Trail

Rent bicycles and explore the scenic 26-mile Monon Trail that winds through Indianapolis. Pedal through vibrant neighborhoods, lush parks, and charming towns, witnessing the city's rich history and stunning natural landscapes. There are plenty of rest stops, eateries, and attractions along the way.

 

History Buffs

For history-loving fathers, Indy offers a treasure trove of captivating historical sites and attractions. From immersive exhibits to magnificent landmarks, this vibrant city in Indiana provides endless opportunities to step back in time and explore the rich tapestry of its past. 

 

Here are some of the must-visit destinations in Indy that are sure to ignite the passion for history in any dad's heart.

 

Visit Conner Prairie

Nestled on 1,000 acres of picturesque land, Conner Prairie is a living history museum that allows visitors to experience Indiana's history firsthand. Take a stroll through the 19th-century Prairie Town, interact with costumed interpreters, and engage in hands-on activities that bring the past to life. Whether it's milking a cow, cooking over an open fire, or exploring a Native American wigwam, Conner Prairie offers an immersive experience that both dads and their families will cherish.

 

Tour the Indiana State Capitol

 

A visit to the Indiana State Capitol is a must for any history enthusiast. Marvel at the grandeur of this iconic building, designed in the neoclassical style, as you explore its halls and chambers. Guided tours provide fascinating insights into Indiana's government and the state's rich political history. Admire the beautiful artwork, intricate architecture, and learn about the significant events that have shaped the Hoosier State.

 

Visit the Indiana Military Museum

 

For dads with an interest in military history, the Indiana Military Museum is a true gem. This expansive museum houses an extensive collection of military artifacts spanning different time periods, from the American Revolution to the present day. Explore exhibits featuring tanks, aircraft, uniforms, weapons, and more, while gaining a deeper appreciation for the sacrifices made by our brave servicemen and women.

 

Explore the Indiana Historical Society

The Indiana Historical Society offers a captivating journey through Indiana's past. With engaging exhibits, interactive displays, and thought-provoking programs, this institution brings history to life in a dynamic way. Discover Indiana's diverse cultural heritage, delve into the stories of notable Hoosiers, and gain insights into the state's pivotal role in American history. The Indiana Historical Society regularly hosts special events and lectures, providing even more opportunities for dads to deepen their historical knowledge.

 

Discover Historic New Harmony

Step into a different world as you visit Historic New Harmony, a charming town known for its utopian experiments and intellectual heritage. Explore the meticulously preserved buildings, stroll along the picturesque streets, and immerse yourself in the unique atmosphere that inspired great minds such as Robert Owen and Thomas Say. Historic New Harmony offers a tranquil escape and a chance to reflect on the fascinating social experiments and intellectual pursuits that unfolded here.

 

DIY Enthusiasts

If your dad loves to roll up his sleeves and get creative with DIY projects, Indianapolis offers a plethora of opportunities for him to indulge in his passion. From unique materials to hands-on classes and inspiring workshops, Indy is a DIY enthusiast's haven.

 

Visit the Indianapolis ReStore

The Indianapolis ReStore is a treasure trove for any DIY enthusiast. It's a nonprofit home improvement store that sells donated new and gently used items at a fraction of their original cost. From furniture to appliances, building materials to home décor, your dad will find a wide range of unique materials and items that can fuel his creativity. Explore the store together, and you might stumble upon some hidden gems for your next DIY project.

 

Explore the Indianapolis Art Center

For dads who enjoy working with their hands and exploring different artistic mediums, the Indianapolis Art Center is a must-visit destination. This vibrant art center offers a variety of hands-on classes, including woodworking, pottery, metalworking, and more. Sign up for a class together and let your dad unleash his creativity under the guidance of experienced instructors. It's a wonderful opportunity to learn new skills and bond over a shared passion.

Nature Lovers 

If your dad is a nature lover, Indy  is the perfect destination to spend quality time together amidst breathtaking natural landscapes and serene surroundings.

 

Visit the Indianapolis Zoo

The Indianapolis Zoo is a haven for animal enthusiasts and nature lovers alike. Take your dad on a captivating journey through diverse animal exhibits that showcase creatures from around the world. From majestic elephants and playful dolphins to colorful birds and endangered species, the zoo offers a unique opportunity to connect with wildlife. Additionally, don't miss the chance to explore the tranquil White River Gardens, where beautifully landscaped gardens and serene water features create a peaceful atmosphere.

 

Stroll through the White River State Park

For a leisurely escape into nature, head to the White River State Park. This expansive urban park offers a variety of trails that wind along the banks of the White River, providing stunning views of the water and surrounding greenery. Take a leisurely stroll with your dad, breathe in the fresh air, and enjoy the peaceful ambiance. The park also hosts concerts, festivals, and outdoor activities throughout the year, adding to the vibrant atmosphere.

 

Explore Holliday Park

Holliday Park is a hidden gem nestled in the heart of Indianapolis. Treat your dad to a memorable hiking experience as you meander through picturesque woodlands, marvel at towering trees, and discover beautiful wildflowers. The park is home to an impressive nature center that offers educational exhibits and programs. Spend some time connecting with nature and wildlife, and perhaps even catch a glimpse of local wildlife such as deer or owls. The serene surroundings will provide a perfect backdrop for father-child conversations.

 

Discover Fort Harrison State Park

For dads who enjoy outdoor adventures, Fort Harrison State Park is a must-visit destination. This expansive park offers a range of recreational activities, including hiking, fishing, biking, and golfing. Explore the scenic trails that wind through forests, fields, and along the banks of Fall Creek. Engage in friendly competition with your dad on the golf course or cast a line and try your luck at fishing. The park's natural beauty and tranquil atmosphere make it an ideal place for bonding and creating lasting memories.

 

And there you have it, folks! We've reached the end of our exhilarating blog journey exploring the myriad ways to celebrate Father's Day in Indiana. It's time to put those creative gears in motion and plan an extraordinary day for your dad. Whether it's an adrenaline-pumping adventure, a relaxing outdoor escapade, or a thrilling sports experience, Indiana has got you covered!

 

But wait, we've got a little something extra to spice things up! If you've been daydreaming about finding the perfect home for your family, why not turn this Father's Day celebration into a chance to explore real estate opportunities in Indiana? And who better to assist you in this exciting journey than the experts at RE/MAX Advanced Realty!

Imagine surprising your dad with an unforgettable day and then revealing your plans for a future filled with cherished memories in your dream home. RE/MAX Advanced Realty's team of dedicated real estate agents is ready to guide you through the process, helping you find the perfect property that suits your family's needs and desires.

 

So, as you embark on a Father's Day adventure to remember, keep in mind the fantastic real estate options waiting for you in Indiana. Reach out to RE/MAX Advanced Realty today and let their expertise turn your homeownership dreams into a reality.

 

Now go on, celebrate Father's Day in style, create lifelong memories, and embrace the thrilling possibilities that await you and your family in the beautiful state of Indiana. Happy Father's Day to all the incredible dads out there!

 

Remember, the greatest gift you can give your dad is your time, love, and a future filled with joy and togetherness. Cheers to all the superhero dads who make our lives extraordinary!

 

 

 

The real estate market in Indiana continues to demonstrate positive growth and resilience, as indicated by the market data report for May 2023. Analyzing the data for both single-family homes, condos, and all property types across all 16 counties, we can gain valuable insights into the current state of the market. In this blog, we will interpret the data and highlight the significant trends that potential buyers and sellers should be aware of. Furthermore, we will discuss the importance of considering these trends and fluctuations when analyzing the housing market. Let's dive in!

 

CONDOS

The condo market in Indiana has shown promising signs of growth, with several key metrics indicating positive trends:

Median Sales Price:

The median sales price for condos in May 2023 was $250,000, marking an 11.1% increase compared to April 2023 and a 6.9% increase compared to May 2022. This upward trajectory reflects a robust market and increasing property values.

Closed Sales:

Despite a decrease of -21.3% compared to May 2022, May 2023 saw a remarkable 22.3% increase in closed sales compared to April 2023, reaching a total of 203 closed transactions. This suggests a strong buyer demand and an active condo market.

Median Days on Market:

The median days on the market for condos remained steady at 6 days, indicating consistent buyer interest and a balanced market. Although this represents a 20.0% increase compared to May 2022, it's important to note that condos are still selling relatively quickly.

List Price Received:

Condo sellers received 99.0% of their list price in May 2023, signifying a strong market where sellers have negotiating power. Compared to April 2023, there was a slight increase of 0.2%, although there was a decrease of -3.3% compared to May 2022.

Median Sold Price per SqFt:

The median sold price per square foot for condos in May 2023 was $153. This represents a 2.0% increase compared to April 2023, demonstrating growing property values. However, there was a slight decrease of -3.5% compared to May 2022.

New Listings and Active Inventory:

May 2023 witnessed 223 new listings for condos, showing a 3.2% increase compared to April 2023. However, when compared to May 2022, there was a decline of -17.1%. The active inventory of condos decreased by -8.3% compared to April 2023 but increased by 17.9% compared to May 2022.

Months of Supply of Inventory:

The months of supply of inventory for condos in May 2023 was 1.0, reflecting a -25.0% decrease compared to April 2023. However, there was an increase of 49.8% compared to May 2022, indicating a balance between supply and demand.

 

SINGLE-FAMILY HOMES

The single-family home market in Indiana also shows promising trends, demonstrating stability and growth:

Median Sales Price

The median sales price for single-family homes in May 2023 was $300,000, indicating a 3.4% increase compared to April 2023 and a 3.8% increase compared to May 2022. This showcases a consistent upward trajectory in home values.

Closed Sales

May 2023 recorded 2,910 closed sales of single-family homes, representing a substantial 17.6% increase compared to April 2023. However, there was a decrease of -14.6% compared to May 2022, highlighting the year-over-year fluctuations.

Median Days on Market

Similar to condos, the median days on market for single-family homes remained unchanged at 7 days compared to April 2023. Nevertheless, there was a 40.0% increase compared to May 2022, suggesting a slightly longer selling period.

List Price Received

Sellers received 99.5% of the list price for single-family homes in May 2023, indicating a seller's market and strong buyer interest. This represents a 0.6% increase compared to April 2023, although a decrease of -2.9% compared to May 2022.

Median Sold Price per SqFt

The median sold price per square foot for single-family homes in May 2023 was $153, exhibiting a 1.3% increase compared to April 2023. However, there was a decrease of -6.1% compared to May 2022.

New Listings and Active Inventory

May 2023 saw 3,322 new listings for single-family homes, reflecting a 13.3% increase compared to April 2023. Nevertheless, there was a decline of -22.6% when compared to May 2022. The active inventory for single-family homes decreased by -5.0% compared to April 2023 but increased by 22.9% compared to May 2022.

Months of Supply of Inventory

The months of supply of inventory for single-family homes in May 2023 was 1.1, indicating a -19.3% decrease compared to April 2023. However, there was an increase of 43.9% compared to May 2022, suggesting a more balanced market.

 

The Overall Housing Market in Indiana:

 

Considering all property types, the housing market in Indiana demonstrates positive trends:

Median Sales Price

The median sales price for all property types in May 2023 was $298,995, representing a 5.5% increase compared to April 2023 and a 4.9% increase compared to May 2022. This suggests overall growth and a healthy market.

Closed Sales

May 2023 experienced 3,176 closed sales for all property types, showing a significant 17.5% increase compared to April 2023. However, there was a decrease of -14.5% compared to May 2022, reflecting year-over-year variations.

Median Days on Market

The median days on market for all property types remained consistent at 7 days, compared to April 2023. However, there was a 40.0% increase compared to May 2022, indicating a slightly longer selling period.

List Price Received

Sellers received 99.5% of the list price for all property types in May 2023, signifying a robust market. This represents a 0.6% increase compared to April 2023, although a decrease of -2.9% compared to May 2022.

Median Sold Price per SqFt

The median sold price per square foot for all property types in May 2023 was $153, showing a 0.7% increase compared to April 2023. However, there was a decrease of -6.1% compared to May 2022.

New Listings and Active Inventory

May 2023 witnessed 3,637 new listings for all property types, reflecting a 12.5% increase compared to April 2023. However, there was a decline of -21.16% compared to May 2022. The active inventory for all property types decreased by -4.7% compared to April 2023 but increased by 25.9% compared to May 2022.

Months of Supply of Inventory

The months of supply of inventory for all property types in May 2023 was 1.1, indicating a -18.9% decrease compared to April 2023. However, there was an increase of 47.2% compared to May 2022, suggesting a more balanced market.

 

Overall Market Analysis

The market data for May 2023 provides an optimistic outlook for Indiana's real estate market. The consistent increase in median sales prices for condos, single-family homes, and all property types -  Town House, Farm, Residential, Manufactured Homes indicates a healthy and thriving market. Although fluctuations in closed sales, new listings, and active inventory are observed, these variations are part of the dynamic nature of the real estate landscape.

While the median days on the market have increased, suggesting a slightly longer selling period compared to the previous year, it is crucial to note that the market remains active, and properties are being sold. This sustained interest and demand in the real estate market ensure a steady flow of transactions.

Considering the positive trends and fluctuations in Indiana's real estate market, it is essential for potential buyers and sellers to analyze the data and make informed decisions. Whether you are interested in condos, single-family homes, or any other property type, reaching out to an experienced real estate agent can provide valuable insights tailored to your specific needs and goals.

Contact Indy’s Leading Brokerage today to gain a deeper understanding of the thriving housing market in Indiana and explore the opportunities available to you. With a roster of top-notch realtors at RE/MAX Advanced Realty, you can be assured to have an expert and experienced to guide you through the nuances of the market and help you make informed decisions. Don't hesitate to reach out to us and embark on your real estate journey with confidence.

Greenwood Office: 317.881.3700

65 Airport Pkwy #140, Greenwood, IN 46143

West Office: 317.298.0961

8313 W 10th St, Indianapolis, IN 46234

 

RE/MAX Advanced Realty is Home to Indiana’s Top Producing Agents!

   
The real estate industry is a bustling world where agents and teams strive to achieve greatness and secure their positions at the top. Last April’s RE/MAX Top Producers Report has yet again proven that RE/MAX Advanced Realty is truly Indiana’s Leading Brokerage, bagging top teams and individual spots for residential and commercial production combined. 

Let's get to know RE/MAX Advanced Realty’s  Top-performing Teams and Agents.


Indy Home Pros Team: Reigning Supreme at #1
Leading the pack and stealing the spotlight is none other than the Indy Home Pros Team, securing the coveted #1 ranking. Led by RE/MAX Advanced REALTY Broker/Owner and Team Leader Dennis Nottingham, the Indy Home Pros Team has consistently held the #1 spot, proving that their exceptional expertise, dedication, and unparalleled service have propelled them to the forefront of the industry. With a proven track record of success, they continue to dominate the real estate landscape, helping countless clients find their dream homes.

The Craftsman Group: Mastering Excellence at #22
With a client-first mentality, The Craftsman Group, led by Team Leader Cate Waggoner-Lee, has earned a well-deserved place at #22. Their attention to detail, creative approach, and unwavering commitment to delivering exceptional service have made them a formidable force in the market. The Craftsman Group has crafted a reputation as true artisans of the real estate industry, leaving a lasting impression on their clients and peers alike.

The Rob Campbell Team: Striking Success at #42
Led by Team Leader Rob Campbell, who boasts over 30 years of experience as a top-producing agent in Johnson County, The Rob Campbell Team has secured the impressive #42 position. Their expertise extends to both residential and commercial real estate, showcasing their prowess in diverse markets. With their exceptional solutions and unwavering dedication, The Rob Campbell Team continues to make waves, solidifying their standing in the industry.

Keith Turnbill: The Epitome of Residential and Commercial Excellence at #32
At the remarkable #32 spot in the Residential and Commercial Combined category, RE/MAX Advanced Realty Green Wood Office’s Head of Commercial Division, Keith Turnbill, has made a lasting impact. His versatility and adaptability have allowed him to thrive in both sectors, catering to the unique needs of his clients. With an impressive skill set and an unwavering commitment to success, Keith stands out as a true champion in the real estate arena.

RE/MAX Advanced Realty raises a toast to the Indy Home Pros Team, The Craftsman Group, The Rob Campbell Team, and Keith Turnbill for this feat. Congratulations on your outstanding accomplishments, and here's to an even more successful future!Here at RE/MAX Advanced Realty, we aim to continue leading the way, providing a platform for top-performing agents to shine and offering unparalleled service to clients across Indiana. Our commitment to excellence is what makes us home to the finest real estate agents in the state.

You’ve always thought Spring to be the best time to list your house for sale, and in the past, you would have been spot on correct. However, in Central Indiana’s current extremely seller friendly market, this is no longer the case. 

SET UP YOUR FREE IN HOME CONSULTATION WITH AN INDY HOME PRO

The “Spring Market” is still indeed one of the best times to list your home for sale. But in 2020, this Spring Market is happening much sooner than Spring; it’s happening now.

This is especially true for homes roughly $250,000 and below. And your home may be closer to selling than you think, meaning you may not have to make nearly as many updates as you believe. 

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Set up a Free In-Home Consultation and an Indy Home Pro will come to your home and access what you could do to sell it for the most money possible. Some cosmetic work and quick projects, opposed to larger scale fixes, may allow your home to sell for top dollar and quick! 

Set up a Free In-Home Consultation Today with An Indy Home Pro from Indy’s #1 Selling Team!

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