Sales and Marketing Council Meeting for the Builders Association of Greater Indianapolis

The Sales and Marketing Council via the Builders Association of Greater Indianapolis met today, Wednesday, October 9th for our monthly meeting.  Some of the companies represented were Drees Homes, Drees Design Gallery Homes, Pulte, Beazer, M/I Homes, Arbor Homes and Coldwell Banker Kaiser. 

The topics of conversation included the state of the local Indianapolis Metropolitan Housing Market.  All builders believe to have increased from 2012 to 2013 in sales and permits.  The September number of sold homes were much lower than previous months, although we are coming off of some months with the highest number of sales for some time.  In September, the higher price point builders felt the most severe decrease in sales and the builders with lower price points saw the least dramatic decline in sales. 

Our local Carmel, Indiana existing real estate market seems to have decreased in sales and increased in average days on market slightly throughout September and is up slightly through October.  We look forward to getting the official numbers soon from the Board of Realtors to forecast our own year end numbers. The government shut down is a hot topic amongst many buyers and many feel that it has had some adverse effect on local home sales.   

The statistics, numbers, and opinions above do not represent any other parties and this blog is based on ones personal opinion of the market.  Please refer to the local Builders Association and/or Board of Realtors for accurate information.  Once again, this is just my take on the state of our local real estate market as someone that practices every day.