Zionsville Real Estate Market

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Stay current on real estate, new home, and housing market conditions, compliments of the Zionsville New Homes Directory and its team of Zionsville real estate market expert contributors.

New Homes Directory .com is the easiest place for home searchers to find new homes and new condos as well as the most efficient means for new home builders to get results promoting their new home communities in Zionsville

October 31, 2011

October 2011 Zionsville Real Estate Market Conditions

By Tracy Wright

298 Homes for sale
31 Homes sold in September
106 Average days on the market for sold homes in September
$358,875 Median price of homes currently for sale
$278,900 Median price of homes sold in September

The Tracy Wright Team has a portfolio of nearly 20 listings totaling $7.7 million.  If you are in the market for a new home, check out all we can offer you!  Whether listed with us or not, we’d be happy to help you find your next home!

Is Now the Time to Buy?

Yes!  And if you don’t believe me, check this out.  Buried in all the media’s omnipresent “OH NO” news on the economy, two well respected and widely read media outlets, The Wall Street Journal and Forbes.com, encouraged its subscribers to purchase homes now.

“It’s an excellent time to buy a house, either to live in for the long term or for investment income…Houses aren’t the magic wealth creators they were made out to be during the bubble. But when prices are low, loans are cheap and plump investment yields are scarce, buyers should jump.”  Stated the WSJ in an article called It’s Time to Buy That House.

And Forbes.com told it’s readers: “If rents simply kept up with inflation at a 3.2% annual increase, a $1,500 rent payment would cost that renter nearly $900,000 over the next 30 years. The same $1,500 payment made to their mortgage would be only $540,000 (because the payments don’t increase with inflation).”

Given these statistics and the conditions we are seeing in our own market in Zionsville and the rest of Indianapolis, we strongly believe that now is the time to purchase a home.  Call me today and we’ll get started!



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Encore Sotheby's International Realty Tracy Wright

Encore Sotheby's International Realty
Tracy Wright


9510 North Meridian, Suite 200
Indianapolis, IN 46260
OFC: 317-281-0347
CELL: (317) 281-0347
WEB: http://www.tracywright.net/

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