Compare Real Estate Markets in US
How does the Indianapolis real estate market compare to markets around the country? I was speaking with a gentleman last week whose company is transferring him here from the Seattle, Washington. He wondered how much it would cost here to duplicate the home he has there.
Larry Cragun, a Realtor in Issaquah, Washington and I have talked about the differences in prices between the Seattle area and Indianapolis. He writes a continuing series about locations around the country where you can buy $200,000 homes. I knew from my conversations with Larry, our prices were about half the cost of homes in the Seattle area. A quick search based on This client’s criteria confirmed he could buy the same home here for about half of what he is selling for in Seattle. Of course we don’t have the water and mountains……..I guess there is a price for views.
There have been many articles written, graphs and charts displayed and data provided establishing the Indianapolis market as the best value in real estate in the country. Forbes recently placed us as the most affordable US real estate market.The National Association of Homebuilders/Wells Fargo Housing Opportunity Index also chose Indianapolis as the most affordable housing market. Both of these sites provide great data for keeping track of what is happening in Real Estate across the country and here in Indy. I also came across this site by National City. Here you can take a look at what areas are overvalued or undervalued, as well as view historical data for cities across the nation.
If you like data, statistics and charts, you’ll enjoy these sites. They’ll also come in handy if you are considering transferring or relocating to Indianapolis.
Discussion
Stephanie - Our inventory is actually not too bad considering how large an area our Board covers. As always, some areas are more saturated than others. Indy has made big news this year in both the business and real estate arenas,then there's our Lucas Oil Stadium - another arena all together, but creating the biggest buzz.
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