Quick Facts
Indianapolis is the capital and largest city of the U.S. state of Indiana and the seat of Marion County. It is in the East North Central region of the Midwestern United States.
With a metropolitan area of over 2 million people, it is the 34th most populous metropolitan statistical area in the U.S. and the the second most populous city in the Midwest, after Chicago, and 14th largest in the U.S.
Indianapolis is within a single-day drive of 70 percent of the nation’s population, lending to its nickname as the “Crossroads of America.”
Anchoring the 26th largest economic region in the U.S., the city’s economy is based primarily on business services, transportation and logistics, education, financial services, hospitality and tourism, and distribution services.
Indianapolis has developed niche markets in amateur sports and auto racing.The city is perhaps best known for annually hosting the world’s largest single-day sporting event, the Indianapolis 500.
Major Companies
Real Estate Market & Trends
The 2016 housing market ended on a high note with an active December that offered the same monthly housing market highlights. Closed Sales increased, despite the continued declining inventory.
Closed Sales were up 4.2 percent in December compared to December 2015.Pending Sales decreased 1.3 percent and NewListings fell 4.6 percent.
Median Sales Price was up 6.3 percent and Average Sales Price rose 6.0 percent in December. Absorption Rate was down 23.1 percent to 3.0.
The overwhelming feeling about prospects in residential real estate for the immediate future is optimistic. For the fifth straight month we have seen an increase in Closed
Sales across the region, and with buyer demand remaining high, we can only hope that will increase inventory as well in 2017.
New Listings – 827
Closed Sales – 1,072
Median Sales Price – $129,825
Average Sales Price – $156,103
Percent of Original List Price Received at Sale – 93%
Data source: www.mibor.com. Data current as of December 2016.
If you are interested in knowing more about the investment opportunities please call one of our Certified Investor Agents:
Kelli – 317.430.8428 or Deanna – 317.652.8980
Address:
11980 Fishers Crossing Dr
Fishers, Indiana 46038
Phone:
(317) 203-4243
Proud Member of One Zone,
Hamilton County Chamber of Commerce
