{"id":272,"date":"2021-07-06T23:02:12","date_gmt":"2021-07-06T23:02:12","guid":{"rendered":"https:\/\/stacygrove.com\/blog\/?p=272"},"modified":"2021-07-09T19:55:16","modified_gmt":"2021-07-09T19:55:16","slug":"q2-2021-greater-lafayette-market-recap","status":"publish","type":"post","link":"https:\/\/stacygrove.com\/blog\/q2-2021-greater-lafayette-market-recap\/","title":{"rendered":"Q2 2021 Greater Lafayette Market Recap"},"content":{"rendered":"\n
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It is truly mind-boggling to be a Realtor in Greater Lafayette right now. I never would have thought our little Indiana town would be such a hotspot for real estate activity. The going is tough right now, and some days there is a lot of hard work and just not a whole lot to show for it.<\/p>\n\n\n\n

But the hard work is worth it when a buyer\u2019s offer is accepted, and despite the challenges, it is<\/em> happening. So, let\u2019s break down some numbers, shall we?<\/p>\n\n\n\n

Average Days on Market<\/h2>\n\n\n\n

The average days on market for Q2 was just 10. 10! Mind-blowing, especially when you compare it to the days on market in 2020, which was 19. That\u2019s a pretty big dip. For the whole first half of this year, the average number of days on the market is 16.<\/p>\n\n\n\n

If you\u2019re a buyer and you\u2019re interested in a home, you likely aren\u2019t going to have a whole lot of time to think about whether or not you\u2019d like to make an offer. It won\u2019t be long before that decision has been made for you.<\/p>\n\n\n\n

Average Sales Price<\/h2>\n\n\n\n

The average sales price this quarter was $258,714, a substantial increase from Q2 of 2020, which was $221,252. The average sales price for the first half of this year is sitting at $248,898.<\/p>\n\n\n\n

This follows trends we\u2019re seeing around the country (though perhaps not so dramatically in Indiana). According to the Case-Shiller index<\/a>, single-family home prices rose nationally by 13.2%<\/a> in the year ending in March 2021. This is great news for homeowners, who are seeing some awesome increases in home equity right now.<\/p>\n\n\n\n

The average price per square foot during this past quarter was $138.52, whereas last year it was $121.61.<\/p>\n\n\n\n

Total Number of Home Sales<\/h2>\n\n\n\n

As for total number of sales, there were 624 this past quarter, which is a big jump from the first quarter of the year, when there were only 435 home sales. During the second quarter of 2020, for comparison, there were 572 home sales.<\/p>\n\n\n\n

Inventory seems to be picking up, and we\u2019re going to continue to hope for that because we need more homes! Here\u2019s my constant refrain: if you\u2019re thinking of selling your home, now is a fantastic time to do it, and give me a call. Just make sure you know where you\u2019re headed first because it\u2019s probably going to sell fast.<\/p>\n\n\n\n

As our economy continues to grow and Millennials continue to enter the housing market (and investors continue to want a slice of the real estate pie), it\u2019s not likely demand is going to abate anytime soon, but I\u2019m hopeful that things won\u2019t always be quite<\/em> as crazy as they are right now. A girl can dream, anyway!<\/p>\n","protected":false},"excerpt":{"rendered":"

It is truly mind-boggling to be a Realtor in Greater Lafayette right now. I never would have thought our little Indiana town would be such a hotspot for real estate activity. The going is tough right now, and some days there is a lot of hard work and just not a whole lot to show for it.<\/p>\n","protected":false},"author":2,"featured_media":273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-272","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-update","entry"],"jetpack_featured_media_url":"https:\/\/stacygrove.com\/blog\/wp-content\/uploads\/2021\/07\/2021-q2-market-update.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts\/272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/comments?post=272"}],"version-history":[{"count":2,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts\/272\/revisions"}],"predecessor-version":[{"id":275,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/posts\/272\/revisions\/275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/media\/273"}],"wp:attachment":[{"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/media?parent=272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/categories?post=272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stacygrove.com\/blog\/wp-json\/wp\/v2\/tags?post=272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}