Another strong month for Indianapolis home sales

Indianapolis home sales in Marion County remained strong in February, continuing a 3 month trend of year-on-year improvement. February closed sales were up a very healthy 18%. 623 homes were sold this year vs. 523 last year.  Median price was also up 5.8% over last year, while inventory continued to decline.

Pending sales (homes in contract but not closed yet) were even more dramatic. Pending sales are up 19.7%. Strong pending sales in February translates in to strong closed sales in March.

Click on the table to enlarge

Watch for continued good numbers this month!

Warren Buffet Says It's Time to Buy Real Estate

Warren Buffett appeared live on CNBC’s Squawk Box recently and was asked about the current real estate market and whether he felt now was the time to buy. Here's what he had to say:

“If I had a way of buying a couple hundred thousand single-family homes I would load up on them.”

Most of us are like poor Warren Buffet and don't have a way of buying a couple hundred thousand single family homes, but with the great deals and low prices in Indianapolis, we can buy one or two. Check out this one for just $46,000. But hurry before Warren Buffet snatches it up! I think I hear him calling now.

3Br 1.5Ba
Currently rented for $765
Cash-flow $443
ROI   12%

For more details, Click Here

Contact me today before I call Warren back.!              
m.darrigo@sbcglobal.net