Real Estate News from Brad Gough

Housing Market Status - October 2020

Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels according to many real estate industry experts.

All of the key metrics show positive gains except for inventory.

Can we keep this up? In the U.S. spending has increased dramatically since the pandemic first hit.

The unemployment rate is improving. The duration of unemployment levels above 9% that we recently experienced is far less than that of the Great Depression and Great Recession.

Because of low inventory, this remains a sellers' market.

The equity we have in our homes is also high. As of the 2nd quarter In Indiana, the average year over year increase in equity was 12%.

The predictions for future home prices also remains very positive according to industry experts.

The seller traffic index continues to show weak to stable signs because of the lack of inventory.

The average days on market indicator continues to show good signs.

Both Existing and New home sales in the Midwest are increasing.

The increase in prices can really be seen when you look at the sales increases by price range.

Year over Year Housing supply over the past twelve months indicates we still have a problem of low inventory levels.

Buyer foot traffic is a good indicator for future sales and that has been increasing as well. The buyer foot traffic in Indiana remains very strong.

Interest rates are at historically low levels making owning a home more possible than ever.

Bottom Line: The real estate market remains strong and is helping to keep the economy moving forward. With home prices increasing, now is the best time to give me a call to discuss buying or selling because it does not appear we will see things getting worse in the foreseeable future.

I Appreciate Your Referrals

It is a common misconception that a real estate agent primarily learns of someone looking to buy or sell a home when someone simply calls an agency looking for an agent to help them. Although this can happen, it is very rare. In fact, over 80% of the referrals I receive come from past clients and past coworkers just like you. The other 15-20% of referrals comes from our national network of relocation companies and other Coldwell Banker agencies across the country.

The greatest compliment I can receive is when someone like you refers me to a friend, coworker or family member of theirs. If you, or someone you know, are looking to either buy or sell a home then I would certainly appreciate the opportunity to earn your business. Do you know of someone looking to buy or sell a home?

Contact Brad Gough

12401 Old Meridian Street
Carmel, In 46032


Mobile (317) 590-3571

Office (317) 844-1131


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