Hamilton County Market Update - March 30, 2020

What does the real estate market look like for Hamilton County amidst the COVID-19 pandemic? 

​Hamilton County, IN

    Last week, we blogged about the real estate market after schools had been closed and business were beginning to be shut down due to the social distancing regulations. Real Estate is deemed essential business and all agents are to be practicing specific guidelines to ensure the best safety of their clients. Numbers for the housing market were pulled from the week prior when the COVID-19 virus had started really infecting all the news and social media outlets (no pun intended.)
  This week, we take a look at the housing statistics from last week (3/22/20-3/28/20) to see what buyer's and seller's are doing during the "stay at home" executive order by Governor Eric Holcomb.
    Between Sunday, March 22 - Saturday, March 28, 2020, Hamilton County, IN saw a slight increase in the number of homes listed, yet the number of offers received has decreased. 175 new listings hit the market with 27% of those homes already have accepted offers last week when listed. Down by 1, only 14 homes were taken off the market that did not receive an offer. 119 homes all together pended last week which is down by 25 homes from the week prior, and currently there are 909 homes for sale which is slightly up from last week.  These numbers have not fluctuated drastically and tell us that seller's are still listing their homes for the spring market. However, buyer's may be staying in or just not finding what they are looking for. 
    In the past, Hamilton County real estate market tends to get a little slower around Spring Break. Now that schools are on vacation and people aren't traveling, it will be interesting to see what happens this week as the President has extended social distancing guidelines until April 30, 2020.     

In Hamilton County, 47 homes that were listed the week of 3/22-3/28/2020 already have accepted offers.

Hamilton County Real Estate Snapshot

Sunday, March 22 - Saturday, March 28, 2020

Total homes for sale: 909 (up 47)
Newly Listed: 175 (up 16)
Total Showings: 1,220  (down 182)
Off The Market: 14 (down 1)
Accepted Offers this week: 119
Sold/Closed: 141 (up 31)

Township Breakdown:

Clay Township:

• Total homes for sale: 197 (up 12)
• Newly Listed: 40 (up 3)
• Accepted Offers this week: 12 (down 18)
• Sold/Closed: 35 (up 15)

Delaware Township:

• Total homes for sale: 38 (no change)
• Newly Listed: 11 (down 4)
• Accepted Offers this week: 5 (down 7)
• Sold: 10 (up 4)

Fall Creek Township:

• Total homes for sale: 208 (up 7)
• Newly Listed: 38 (up 10)
• Accepted Offers this week: 11 (down 26) 
• Sold: 32 (no change)

Washington Township:

• Total homes for sale: 256 (up 10)
• Newly Listed: 38 (up 2)
• Accepted Offers this week: 5 (down 16) 
• Sold: 20 (same as last week)

Noblesville Township:

• Total homes for sale: 145 (up 17) 
• Newly Listed: 43 (up 5)
• Accepted Offers this week: 11 (down 22)
• Sold: 31 (up 7) 

Wayne Township:

• Total homes for sale: 17 (no change)
• Newly Listed: 3 (down 5)
• Accepted Offers this week: 2 (down 3)
• Sold: 5 (up 2)

Adams Township:

• Total homes for sale: 7 (down 2)
• Newly Listed: 0 (down 2)
• Accepted Offers this week: 0 (down 1)
• Sold: 0 (down 2)

Jackson Township:

• Total homes for sale: 36 (no change)
• Newly Listed: 2 (no change)
• Accepted Offers this week: 1 (down 3)
• Sold: 8 (up 5)

White River Township:

• Total homes for sale: 2 (no change)
• Newly Listed: 0 (no change)
• Accepted Offers this week: 0 (down 1)
• Sold: 0

Editor’s Notes: 

• All statistics were compiled by Team Schuster from a report drawn from BLC® statistics on March 30, 2020. Because of delayed processing through other agencies or boards, these numbers are subject to change.
• Effective April 7, 2019, data from MIBOR only reports on single family homes and excludes condo sales. Team Schuster will continue to include condo sales in this report.
•  “Pending” means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.
•  “Total Homes for sale” is a snapshot frozen in time at the time this report was created. Per MIBOR, effective April 1, 2018, “Active with Contingency” no longer is a status in the BLC® listing service in order to present a true picture in advertising and marketing. Those listings that were in the "Active with Contingency" status have been moved from the "Active" status to the "Pending" status.
• "taken off the market" is the combined number of homes temporarily taken off the market, withdrawn, or released.
• "total showings" refers to the combined number of showings that occurred between the stated dates in the entire county.