October 2023 Market Update and Exciting Local Events

This summer brought some interesting developments to the real estate market in Northeast Indiana. Despite interest rates hovering between 6.5 and 7%, one thing is clear: Buyers are still very active in the market. There’s no shortage of individuals looking for their dream homes. However, on the flip side, Sellers seem to be a bit hesitant. Many of them have secured mortgages at incredibly low rates, such as 2.5 or 3.5%. Selling their homes would mean becoming a 7% buyer, which doesn’t appeal to them. This has led to a decrease in the number of homes available for sale, resulting in lower inventory levels.

The equation is simple: Fewer homes for sale + a ton of Buyers = Higher Prices. Yes, you heard it right! Prices in our area continue to rise, making it an exciting time for sellers looking to maximize their investment.

But here’s the good news: despite these unique market challenges, there are solutions available. If you’re contemplating buying or selling a home, I encourage you to reach out to me. Together, we can discuss your unique situation and come up with a plan to help you achieve your real estate goals. Don’t hesitate to give me a call at 260-579-1516 or send me an email at mike@mikearchbold.com. Your dream home might be closer than you think!

Local Events in Northeast Indiana and Fort Wayne:

Let’s switch gears and explore some exciting local events happening in our community. Whether you’re a resident or a visitor, there’s something for everyone to enjoy in Northeast Indiana and Fort Wayne this fall.

• Dia de los Muertos at Fort Wayne Museum of Art (Daily through Nov 5): Explore the rich cultural celebration of Dia de los Muertos at the Fort Wayne Museum of Art. It’s a beautiful and educational experience for the whole family.
• Country/Hip-Hop Beginner Line Dancing at Charlie’s Place (Thursdays, 5:00 pm-7:00 pm): If you’re a fan of dancing, head to Charlie’s Place to learn some line dancing moves. It’s a fun way to get active and socialize.
• Dog Days of Autumn Festival (Oct 1, 12:00 pm-3:00 pm): Don’t miss the fourth annual Dog Days of Autumn Festival, celebrating pets with local vendors, games, and delicious food trucks at 3024 Fairfield Avenue.
• Fall-Palooza at Union 12 (Oct 4, 5:30 pm-9:30 pm): Enjoy a petting zoo, browse local vendors, savor delicious food from food trucks, and groove to the music of The 906 Band.
• Auburn First Friday (Oct 6, 5:00 pm-8:00 pm): Experience Auburn’s First Friday event, featuring a pumpkin display by Food Network champion pumpkin-carver David A. Smith, along with music and vendors.
• Fort Wayne’s Farmers Market (Oct 7, 9:00 am-1:00 pm): Discover fresh, locally grown produce and artisanal products at the Fort Wayne’s Farmers Market held at Electric Works.
• Second Sunday Creative Makers Market (Oct 8, 1:00 pm-5:00 pm): Support local artists and makers at TekVenture’s Creative Makers Market on the second Sunday of October.
• Flashlight Ghost Tour at The Bell Mansion (Oct 12, 9:00 pm – 11:00 pm): Get spooked with a flashlight ghost tour at The Bell Mansion, a thrilling and eerie experience.
• Allen County Marketplace (Oct 14, 9:00 am-2:00 pm): Explore the Allen County Marketplace at Huntertown Family Park, featuring local vendors and unique finds.
• Wags and Wiggles Howl-O-Ween (Oct 15, 12:00 pm): Dress up with your furry friend and join the fun at Wags and Wiggles Howl-O-Ween, featuring a costume contest, games, paw print art, and more.

These are just a few of the exciting events happening in our area this fall. From cultural celebrations to family-friendly activities and music festivals, Northeast Indiana and Fort Wayne have something for everyone. Make sure to mark your calendars and enjoy all that our vibrant community has to offer.

See you out and about!

-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 – October 2023…
… 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.