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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Indianapolis, Indiana

Reported by Janet Jernigan, REALTOR, CRS, e-Pro, SRES

Updated May 10, 2012.

Current Market Rating: 3




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5
Buyer's

Seller's

Current Price Trend: 3




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2
3
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5
Falling

Rising

Indianapolis/Marion County maintains one of the steadiest economies in the country. Housing data reflects the stability of the market. This report shows a slight increase in the total number of homes sold in the Indianapolis-Marion County Area. The total from 04/01/2011 to 04/31/2012 was 10,641. The average
sale price in Indianapolis -Marion County was $114,262 compared to $113,666. The average days on market stayed at 101 and the average sales price to list price is up slightly to 93.85%.


Approximate Location Boundaries: Marion County

Location Characteristics: Indianapolis is the capital of the state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 829,718.[1] It is Indiana's largest city and, as of the 2010 U.S. Census, is the 12th largest city in the U.S., the second largest city in the Midwest (behind Chicago), the second most populous state capital (after Phoenix, Arizona), and the most populous state capital east of the Mississippi River. Indianapolis is also one of the fastest growing regions in the United States.
Forbes lists Indianapolis as one of the Top 10 Best Downtowns in America for 2011. That only adds to the achievements for the city. Indianapolis' hosting of the Super Bowl Forty Six was a complete success. Drawing the largest crowds ever for NFL events. The city received praise from around the country for the organization and quality of the events. This results in increased convention and business activities for the city.

For much of its history, Indianapolis has oriented itself around government and industry, particularly manufacturing. Today, Indianapolis has a much more diversified economy, contributing to the fields of education, health care, and finance. Tourism is also a vital part of the economy of Indianapolis, and the city plays host to numerous conventions and sporting events. Of these, perhaps the most well known is the annual Indianapolis 500. Other major sporting events include the Brickyard 400 and the Men's and Women's NCAA Basketball Tournaments.

Greater Indianapolis has seen moderate growth among U.S. cities,[4] especially in nearby Hamilton, Hendricks, and Johnson counties.[5] The population of the metropolitan statistical area is estimated at 1,834,672, making it the 33rd-largest in the U.S. The combined statistical area population of Indianapolis is 2,035,327, the 23rd-largest in the U.S

Of special interest to families are the Indianapolis Zoo, with it's open format and an award winning program for encouraging species survival; the Children Museum, which is the largest children's museumin the world and filled with exciting and educational as well as fun exhibits. Other attractions are the Museum of Art, The Eiteljorg Western Museum, White River State park and so much more!

Indianapolis ranked high on both stability and affordability. The downtown area has been revitalized and is home to 10 sports teams, including the Indianapolis Colts football team and the Indiana Pacers basketball team.

For More Information:

View Market Conditions of other areas served by Janet Jernigan

Navigate: Top > Indiana > Indianapolis

About Janet Jernigan:
Profile

Janet was born and raised in the San Francisco Bay Area. She transferred to Indianapolis, with her husband, in 1988. She has truly grown to love the Midwest. She has two boys, Hoosier born, attending Carmel High School & Butler University.

“Indianapolis has so much to offer its residents. The economy is strong and growing! The housing is affordable and the schools are wonderful. It is a safe, clean, friendly city. We have every professional sports team, wonderful museums and parks. It is a great place to raise a family!”

Janet has been actively selling Real Estate for over 18 years and continues to build strong client relationships. Her desire to understand and fulfill her clients needs continues to drive her success.

Education

B.S. from the University of California at Davis
Real Estate Salesperson since 1989

Real Estate/Professional Affiliations - Awards

Women's Council of Realtors - Indianapolis Chapter
Realtor of the Year - 2007
Hamilton County MIBOR Realtor of the Year - 2005
Independent Real Estate Broker of the Year - 2002
Five Star Real Estate Agent - 2011
Indiana Association of Realtors - 2005-2014 Director
Indiana Real Estate Independent Brokers Association - 2007 President
Hamilton County Board of Realtors - 2007 Chair
Metropolitan Indianapolis Board of Realtors
Board of Directors - 2008-2012
MIBOR Board of Directors - Treasurer 2012
Professional Standards Committee - 2002-2007
MLS Policy Committee - 2003-2007
Finance Committee - 2005-2012
Finance Committee - Chair - 2012
National Association of Realtors - Member
ABR- Accredited Buyer Representative
ASP – Accredited Staging Professional
AHWD - At Home with Diversity
CRS - Certified Residential Specialist
CDPR - Ceritfied Distressed Property Representative
e-PRO - Certified Internet Real Estate Professional
CSP – Certified New Home Sales Professional
CRMS – Certified Residential Marketing Specialist
CCPS – Certified Corporate Property Specialist
SFR - Short Sales and Foreclosure Resource Certification
SRES - Seniors Real Estate Specialist

REAL - Real Estate Academy of Leadership
Graduate


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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