Northeast Indiana Real Estate Market Update and January Events Calendar

in Events by Michael Archbold On January 7, 2024 88 Views

Market Update: Housing Trends

Northeast Indiana’s real estate market has shown mixed results: a positive growth of +2.1% in median home prices ($227,250), a notable 6.4% increase in new listings, but a decline of -5.4% in pending sales and a substantial -14.6% drop in closed sales.

The Upstate Alliance of REALTORS highlighted nationwide challenges, including low inventory, heightened sales prices, and historically high interest rates. U.S. existing-home sales declined by 4.1% month-over-month and 14.6% year-over-year, with buyers waiting for stability in mortgage rates and home prices.

In positive news, interest rates have recently dipped into the mid-6% range over the last month. This development creates a favorable environment for both buyers and sellers to initiate real estate transactions ahead of the spring selling season.

Now is an opportune time to explore your options, whether you’re considering selling or buying. Take advantage of the current market conditions, and don’t hesitate to get in touch to discuss your plans. Homeowners curious about their property’s value can contact us at 260-579-1516 or mike@mikearchbold.com.

Local Events Calendar: January Highlights

As you plan your month, here are some exciting events happening in Northeast Indiana:

Jan 2 | Tue 7PM: Harlem Globetrotters 2024 World Tour at Memorial Coliseum
Jan 5-6 | Fri & Sat 8PM: Comedy Magic Show: David Anthony, The Socialite @ Proof
Jan 5-7 | Fri 12PM-9PM, Sat 10AM-7PM, Sun 10AM-5PM: All American Outdoor Expo at Memorial Coliseum
Jan 13 | Sat 8PM: Resurrection: A Journey Tribute, Still They Ride Tour at Clyde Theatre
Jan 16-18 | Tues 9AM-5PM, Wed 9AM-8PM, Thurs 9AM-4PM: Fort Wayne Farm Show at Memorial Coliseum
Jan 24 | Wed 7:30PM: Fort Wayne Philharmonic: Exotic Discoveries at The History Center
Jan 26-28 | Fri 7PM, Sat 10AM, 2:30PM, & 7PM, Sun 2PM: Mizpah Shrine Circus at Memorial Coliseum
Jan 26 | Fri 8PM: Tim Allen at Embassy Theatre
Jan 27 | Sat 11AM: Fort Wayne Philharmonic: Year of the Dragon: A Lunar New Year Celebration at Arts United Center
ALL MONTH | Tues-Fri 4PM-9PM, Sat 12PM-9PM, Sun 12PM-6PM: Ice Skating at Headwaters Park

Make the most of January by enjoying these diverse events throughout the region. Whether you’re exploring real estate opportunities or looking for entertainment, Northeast Indiana has something for everyone.

-Mike

Why Does RE/MAX Results Stand Out Among the Competition?

Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.

Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral. The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!

Want to experience the difference for yourself? Call or text me today at 260-579-1516.

“Professional Service with a Personal Touch“

We’re Here To Help

Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.

Hoosier Home Listings by RE/MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.

Hoosier Home Listings – Events Calendar – January 2024…
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.

The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to RE/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.