How Many Deals Are There in the Indianapolis Real Estate Market?
As I was writing a guest post about short sales for a friend of mine, Gena Riede in Sacramento, I took a moment to look at the current stats of active homes in Indianapolis.
These stats cover all the Metro area, gathered from current Indianapolis MLS listings. When we start talking about the best deals available, we generally include short sales or bank owned homes.
So how many short sales and bank owned homes are there are on the market right now?
- Current Active Homes: 18,665
- Current Bank Owned: 1165
- Current Short Sales: 1514
Of the current available homes for sale in Indianapolis, only 14.3% of them are either designated as short sale or bank owned properties. That's really a small percentage of the total. That doesn't mean there aren't good deals on homes available in the Metro Indianapolis area, but if you are looking strictly for foreclosure or short sale homes, the current inventory is down. That's a good thing!
Search Indianapolis Foreclosure Homes
Indianapolis is a great place to live. Considering the percentages mentioned (14.3%), that displays factual evidence that less people default on home loans received. Unfortunately, this makes it a little harder for an individual or a family to find a foreclosed home at an alarmingly cheap price. As this can be unfortunate for some it is better for the economy as a whole considering the all time high foreclosure rates in other various metropolitan areas.
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