Improved Housing Inventory and Exciting November Events Calendar
Improved Housing Inventory and Exciting November Events Calendar… As we approach the end of 2024, the Fort Wayne real estate market has taken an unexpected turn. While inventory is growing, buyer activity has shown signs of slowing down, hinting at a shift toward a more balanced market. Here’s what buyers and sellers need to know:
Median Sales Price: Home prices remain steady at $250,000, unchanged from last year. This stability is encouraging for buyers, even as the market experiences a slight increase in the number of homes sold.Inventory Levels: Buyers are now seeing more choices, with inventory up 13.6% over last year. However, homes are staying on the market longer—up 40.7% in days on market to 33 days—possibly due to cautious buyer sentiment.
Price Reductions and Seller Adjustments: A notable trend is the increase in price reductions as sellers adjust to attract buyers. This, combined with dropping interest rates (now at 6.24%, down from 7.72% a year ago), is giving buyers more opportunities to find value in the market.
National Trends: Nationally, home affordability improved, and the average home list price dropped slightly to $425,000. However, homes are staying on the market longer, and baby boomers appear to be holding onto their homes, which could keep inventory levels lower in the future.
This combination of stable pricing, improved housing inventory, and lower interest rates makes it a unique time for both buyers and sellers. Whether you’re looking to buy your dream home or considering selling, the current market offers opportunities to act with more confidence and flexibility.
Upcoming Events in Fort Wayne – November 2024
As the holidays approach, Fort Wayne offers a rich lineup of activities for all ages. Here’s a snapshot of what to enjoy in the city this November:
All Month | Winter Farmers Markets | Various Locations | Saturdays, 9 AM-1 PM
Nov 1-3 | Old Fort Cluster Dog Show | Memorial Coliseum | 8 AM-4 PM
Nov 3 | Fort Wayne Children’s Choir Harvest Concert | PFW Auer Hall | 4-6 PM
Nov 6 | Jeff Dunham Comedy Show | Memorial Coliseum | 7 PM
Nov 8 | Science Central’s Mixology Gala | Electric Works | 6:30-9:30 PM
Nov 9 | Veteran’s Day Parade & Ceremony | Memorial Coliseum | 11 AM
Nov 14-30 | Holiday Lights | Parkview Field | Times Vary
Nov 15 | Trans-Siberian Orchestra “The Lost Christmas Eve” | Memorial Coliseum | 7 PM
Nov 15-17 & 21-23 | Cabaret | PFW Williams Theatre | 8-10 PM
Nov 18-30 | Blue Jacket’s Fantasy of Lights | Franke Park | 5:30-9 PM
Nov 29-30 | Festival of Gingerbread | The History Center | Times Vary
Whether you’re new to the area or a long-time resident, these events offer plenty of ways to enjoy the season and discover what Fort Wayne has to offer. From holiday lights to local markets, November is packed with festivities that bring the community together.
-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 – Improved Housing Inventory and Exciting November Events Calendar…
… 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.
