Indianapolis Metro Rental & Sales Market Report – February 2025

Welcome to the February 2025 rental market report from Red Door Property Management. This month we’ve organized key rental and real estate data by submarket, making it easier for investors to assess opportunities across Central Indiana. From strong rental demand to shifting home prices, our insights help real estate investors make informed decisions in a competitive landscape.

📌 Market Updates and Economic Insights

Rentals Lead the Way: With mortgage rates still high, many would-be buyers remain renters, boosting demand across Indianapolis and its suburbs.
Legislation Alert: Fishers may pass a 10% rental cap—investors are moving fast to buy before potential restrictions.
Inventory Pressure: New builds in areas like Westfield and Brownsburg are driving rental oversupply in some segments.

🏘 Market-by-Market Breakdown

Indianapolis

Rental Market: Avg Rent: $1,625 (↑ 2% YoY) | Days on Market: 49
Sales Market: Avg Sale Price: $244,655 (↑ 6% YoY) | Days on Market: 65 (↑ 22%)
Insight: February was solid for rentals despite seasonal slowdowns. The sales side remains stable but slower-paced with extended DOM.

Fishers

Rental Market: Avg Rent: $2,250 (↑ 7% MoM) | Days on Market: 47
Sales Market: Avg Sale Price: $366,000 (↑ 6%) | Homes Sold: ↑ 33% MoM
Investor Note: Strong fundamentals in both rentals and sales, but looming legislation could cap future rental opportunities. Explore now at Fishers Property Management.

Noblesville

Rental Market: Avg Rent: $1,948 (↓ MoM & YoY) | Days on Market: 46
Sales Market: Avg Sale Price: $342,513 (↓ MoM) | Days on Market: 52 (↑ 50%)
Insight: Softness in both rental pricing and sales velocity; watch closely in Q2.

Westfield

Rental Market: Avg Rent: $2,500 (↓ 7% YoY) | Days on Market: 76
Sales Market: Avg Sale Price: $359,106 (↓ MoM & YoY)
Market Note: Oversupply of townhomes and new builds impacting both sides of the market. Learn more about local trends at Westfield Property Management.

Greenwood

Rental Market: Avg Rent: $1,800 (↓ slightly MoM) | Days on Market: 50
Sales Market: Avg Sale Price: $329,000 (↑ nearly 10% MoM) | Days on Market: 80
Outlook: One of the strongest appreciation markets with steady rental performance. Ideal for long-term buy-and-hold investors. See more at Greenwood Property Management.

Anderson

Rental Market: Avg Rent: $1,050 (↑ YoY) | Days on Market: 56
Sales Market: Avg Sale Price: $190,000 (↑ 25% YoY)
Investment Tip: One of the most affordable submarkets with signs of upward momentum in both rent and sales price.

Whitestown

Rental Market: Avg Rent: $2,299 (↑ 4% MoM) | Days on Market: 50
Sales Market: Avg Sale Price: $362,429 | Days on Market: 71
Insight: Dominated by large single-family homes; rents remain high due to size even with lower price per sq ft.

Lebanon

Rental Market: Avg Rent: $1,795 (↑ from $1,595) | Days on Market: 48
Sales Market: Avg Sale Price: $232,000 | Days on Market: 30 (↓ from 43)
Market Momentum: Rising due to economic development initiatives and renewed investor interest.

Brownsburg

Rental Market Insight: Increasing new construction listings are putting pressure on absorption rates and driving longer lease-up times.
Investor Focus: Still desirable for appreciation, but timing and pricing strategy are key in this shifting submarket.

Plainfield

Rental Market Overview: Continued growth in suburban interest; remains stable though slightly behind peers on rent growth.
Watchlist: New multifamily construction may affect balance of supply and demand.

🔗 Useful Investor Resources

Indianapolis Property Management Services – Expert leasing, management, and investment support.
Search Homes for Rent in Indianapolis – See active listings in your preferred submarkets.
Greenwood Property Management – Learn why investors are choosing Greenwood in 2025.

For monthly insights, economic forecasts, and investor trends in Central Indiana, follow Red Door Property Management or reach out directly for custom portfolio strategies.

Transcript here
February 2025 Market Insights

Summary

In this episode of the Red Door Property Management Podcast, hosts Chris Knight and Mike Taylor dive into the February 2025 market reports for real estate investing in Indianapolis and its surrounding suburbs. The discussion covers various metrics, including days on market, average rental and sales prices, and inventory levels across several key areas: Indianapolis, Fishers, Noblesville, Westfield, Greenwood, Anderson, Avon, Brownsburg, Plainfield, Whitestown, and Lebanon. Key insights include the impact of local economic developments, seasonal trends, and the influence of new construction on the market. The hosts also highlight the importance of understanding these metrics for making informed investment decisions and maintaining optimal property management strategies.

Introduction and Hosts' Banter
[00:00:00] Hey guys. Welcome to the Red Door Property Management Podcast, where we talk about everything, real estate investing here in the Indianapolis and surrounding suburbs, and we've done all the hard work for you. We are about to dive into the February 20, 25 market reports. My name is Chris Knight. I'm the business development manager here with Red Door Property Management, and as you know, I'm joined here with Mike Taylor, broker owner of Red Door Property Management.
[00:00:23] Mike, how are you doing? Excellent, Chris. Man, it's like 70 degrees today. We're talking about February, but Spring has sprung here, man, I'm like so excited. It's warm, it's sunny. I love it. Beautiful. You never say spring has sprung in Indiana. Alright, we all know that it could be a blizzard by the time this sets this evening.
[00:00:43] It does. My wife and I always, it's like during March Madness, it always snows at least one time during March Madness. Like you think it's like, oh yeah, I'm ready to like plant the garden and then it snows. You know what always happens? So around this time of year, around this time of year, I'm always, I always get excited like everyone else.
[00:00:58] The sun comes out, it's like, oh man, this is the year I'm going to do so well on my yard. It is gonna look so clean and beautiful. And I start off really, and I did again this year, but normally I'll fertilize the yard and then the next day we have this major storm that comes through and it like washes the fertilizer, the, the 70, 80 bag of completely washes away.
[00:01:21] And I'm.
[00:01:25] So I've done it again this year, although I timed it really well, so I put the fertilizer down, light rain came in and perfect. Uh, I think, I think I'm gonna have the perfect yard this year. All my neighbors are gonna be jealous. I can see it already t Excellent. Alright. All right. Enough of that stuff.
Market Report Overview and Methodology
[00:01:39] Uh, let's, let's dive in here.
[00:01:41] So we've, uh, we've, we've made a couple attempts at this already to, to do these market reports. We noticed some of the numbers were a little skewed, so we wanted to make sure that we were giving off the most accurate information that we can every single month. So we went back to the drawing board, and let me tell you, it's a, it's a good thing that we put in all the hours that it takes to put these market reports together for you, because there is a ton of data here that, um, well, I mean, frankly, it just takes a lot of hours to compose all of this data and put it in a nice little graphic for you, which you can find on all of our social media channels there.
[00:02:13] We're at the bottom into this graphic. You can see all those nice and neat. If you have on Randy, be sure to like and subscribe to the face, or excuse me, the YouTube as well as the Facebook page for that matter. But, uh, the YouTube, and that's where all this awesome content comes out. Now, a few days ago, we did also shoot, uh, some economic news that's kind of happening, happening in and around the Indianapolis area.
[00:02:35] We try not to bore you with that information, so it's just a couple of snippets that might be happening, and we do drop that every single month. Uh, we did the same thing this month, as well as I'm dropping, uh, uh, a little bit of tidbits on new, new owner inquiries. Now, when I get phone calls, as I do every single day from new owners and new investors, or even experienced investors, and they.
[00:02:55] Ask questions about inquiring about our service. So be sure to check that out. Some common questions and then realistic answers that you might not have considered, uh, prior to. Alright, enough of the boring stuff.
Indianapolis February 2025 Market Analysis
[00:03:06] Let's jump into the February, 2025 rental market analysis here. We're also gonna get into the sales market as well, which as you know, is some new information that we're dropping on these.
[00:03:16] Just to keep you fully informed. I'm gonna be quiet, Mike, give us some information here on the Indianapolis February market. Yeah, the, I mean, again, this is February's data and now we're, we're recording this in March and, and who knows when you're watching this? Probably in, in March. But, so this is February's data, which is, you know, one of the slowest months here in, uh, in Indy.
[00:03:35] And I gotta tell you, I'm, I'm pretty encouraged. I'm pretty happy with what I see here for the February's numbers. Um, the active homes 1,067, that's actually down a little bit from last month. And again, those are guys who have been watching this for a while. Um, know that this is a new graphic and some new data points, so we don't have the year over year information in there because this is a new, um, a new source of, of data.
[00:03:59] So we will have that as as time goes on, but for now we don't have that. But anyway, inventory is going down month over month, which is always a good thing. Less inventory is less competition. That's always good. Uh, average rental price heading in the right direction both month, over month and year over year.
[00:04:14] Um, so just up slightly since last month and then year over year, um, up just about 2%. Uh, you can, um. If you can see on there, little sneak peek into March. Uh, if that's, if that holds true, we're gonna see a big, a big jump in March, which, you know, as you can see from last year's, uh, graphic down there in the bottom left.
[00:04:34] Typically as, uh, time goes on as we get into the busier season, the average rental price typically goes up and then peaks, you know, midsummer, and then kind of comes back down in the winter. So I would expect to see more of that. It looks like we're kind of onto a normal trend, uh, which is nice. Um, and then speaking of nice, uh, 49 days on the market is not amazing, but for February, that's, uh, that's pretty decent.
[00:04:57] It's respectable. It's, uh, I would say acceptable is what it is. It's, and look at that as down 14%. Uh, month over month. So, you know, while not the best, uh, pretty darn good for February, and I expect to see that also go down as we kind of get into the spring and summer leasing season. So that's a great place to start as opposed to, you know, last year we had that crazy wild ride with days in the market.
[00:05:20] So it's good to see some normalcy returning to the market here for days on the market. Um, price, uh, price per square foot. This is a new, a new data, uh, point that we're tracking most of the time. This is more of a multifamily number, but, uh, we're putting it up here. Um, so we're gonna track it for single family, uh, which is the top line here.
[00:05:39] Um, and then also for multifamily and town homes. So for single family, a dollar 16 per square foot. Um, and then the middle two graphics there. These are again, new, new for us this year. Uh, the top one is, um, apartments. So there's 791 apartments available for rent right now in Indianapolis. And the average rent on, that's about, uh, not about, it's 1,044.
[00:06:02] Then of course you're gonna see the average price per square foot much higher at a dollar 52. 'cause typically apartments are gonna be much smaller than a, uh, single family home. So that's why you see that huge differential there. And, uh, yep, way more on a price per square foot basis. Um, and then the, the, the second one there is town homes or condos.
[00:06:21] There's 118 town homes of condos, uh, available for rent, average rent on that, almost exactly the same as single family. So 16, 19 versus 16, 25 days on the market's very similar. And price per square foot is very similar with 52 days on the market. And a dollar 22 for the price per square foot. Um, let's see, the three graphics at the bottom.
[00:06:40] I mean, really everything is up year over year, which is, uh, which is good. Um, you know, I'm gonna focus mostly on the single family homes. I think that's what most of our investors, uh, invest in, uh, some town homes as well, but they, they're looking good. And March is sneak peeking, marches also looking good.
[00:06:57] So I'm, I'm pretty pleased with the, the indie, uh, indie stats here for February. Yeah, same. Same here. Some of these numbers are, are trending and I'm trying to keep my comments, like, I, like I was just stating at the, at the front end of this, this podcast is that, uh, we've attempted this a couple times, so right now we're, we're just trying to get the numbers out, out to you guys so that you can consume it and then make informed decisions.
[00:07:18] But, uh, sometimes I, I have struggle at holding back some of my, my thoughts on the current market. So average days on market at 49, like Mike already indicated, that is down from the previous month, which, which was at, uh, 57, uh, which isn't, isn't all that unusual, right? We're getting into some seasonality here.
[00:07:36] Uh, he boots on the ground is what I like to say when I were reference what I feel like Red Door is currently experiencing, which, uh, without a doubt, I feel like applications have ticked up considerably. Yep. Now, what I want to, what I wanna mention here is, uh, everyone is pretty aware, I think at this point, whether you're in the industry or not, what's going on with the real estate market.
[00:07:57] And the sales market is essentially coming to, um, a freeze. And so what that typically does is people still need to move for whatever reason that people move for right. Job change, moving close to family, whatever that is, people are still going to move. So I, I expect that to continue to drive the rental market, uh, to a very strong market.
[00:08:21] Right? I think it's going to have a strong impact on the rental market. It's going to, it's going to continue to, uh, uh, uh, uh, it's gonna continue to create a strong, strong rental, rental market. Uh, I think I've, I've driven that point home, but, uh, and that's because, um, nobody's going to be able to, uh. Sell or, or purchase, purchase a home.
[00:08:43] So anyway, any really, really doom and gloom on the, uh, on the sales market there? I mean, I do, I think that, I think the sales market gets going. Yeah. You think it's, there's a bunch of tur oil going on in the sales market. I don't think that's any stake, right? There's nothing going to happen with interest rates in the, in the, in the short term.
[00:09:00] Uh, and sales prices are still still high. I mean, as it continues to start No, you're right. Maybe they'll, maybe they'll come down. But anyway, yeah. I, I am doom and gloom on the sales market. No, you're right. I mean, it, it, it is a, there is a shift happening for sure. How bad it's going to get. Who knows? Uh, you know, we've, we've had that discussion before.
[00:09:17] I think you're a little bit more pessimistic than I am. I think it's gonna be a little bit more balanced, but you're right, interest rates aren't going anywhere. Sales numbers are slowing down significantly. We're gonna see that here in, uh, the next couple of slides. So you're right. I mean, there's, there's definitely a shift in the market taking place right now.
[00:09:32] I, I think that covers it. So I think that just reflects in some of these numbers and, and what drove me to that thought was looking down there at the average rental price over time, the single family homes, uh, as it indicates that sharp incline there coming into March. And I think that's probably why, uh, is, is so that's, that's the reason I just wanted to mention it and I felt so strongly about it, is because that steep incline into March, which as we mentioned earlier, I think is a little bit earlier than seasonality typically affects.
[00:09:56] So, so there it is. Let's, let's move on. Uh, let's get into the sales numbers and see what that indicates. Maybe I'm really, maybe I'm wrong. I. I think you're gonna see that you're, you're right on the sales data. So, um, this is again, February of, of 2025, closed sales. Okay. And when we look at these, we look at this from an investor point of view.
[00:10:14] So we put a, uh, a price cap of $500,000. So we don't even look at, at homes that are over 500 because, you know, if you're investing for a rental, most likely you're not gonna purchase a home that's over 500,000. It's just not gonna cash flow. It's just. You know, 99% of our homes, well, 95% of our homes that we manage are, are under there.
[00:10:33] So that's why we put that cap on there. So, uh, anyway, in Indianapolis, their, um, the average days on the market is creeping up. Look at that 65 days on the market for homes that sold in February. Uh, that is up 22% month over month. That's, that's pretty significant. Um, average, uh, average price per square foot is $159 per square foot.
[00:10:53] And so that's actually an increase, um, in month, over month and year over year. Uh, and so, so, you know, obviously following suit is average sales price, 2 44, 6 55, uh, again, up, uh, up just a little bit, uh, month over month and up, gosh, almost 6% year over year. Um. And then 686 of those homes sold. So there's lots and lots available.
[00:11:14] So I mean, I, I say this every single time, but that is such an affordable price point for, uh, here anywhere else in the us. I mean, gosh, that is super, super attractive. I think that's why Indy is what the number two place, uh, to, um, invest in, uh, Brazil, or was it just the number two real estate market, I think is what it was.
[00:11:32] Um, so, and I think that the affordability goes a long way, uh, towards that. So 2 44, what, what an affordable sales price. Um, and we got a couple graphs here on the bottom, one of it just kind of price over time. Um, the gray one is last year, 2024. And again, we see, we do see that same seasonality of up and down, uh, for spring and summer that we do in the, or in the rental market.
[00:11:55] Um. Then what's good news is we're starting off the year. Um, everything is over last year. So, uh, you know, everything I'm reading Chris, is, is that that sales are gonna slow down. Um, and probably days on the market are gonna go up, but also prices are going to continue to climb and I don't think it's going to be drastic.
[00:12:15] I don't think it's gonna be through the roof. It's probably gonna slow down quite a bit, but. Um, everything I'm reading is that's gonna be the trend. Slowing down in sales, less sales, but average price is still creeping up a little bit. So I don't know if we're gonna see a huge relief, uh, in terms of, in terms of average sales price.
[00:12:31] Let me just finish this last thing and then I know you got something to say, but when we got into last month's sales market report for Indianapolis, we were looking at a, uh. A month to month decrease of probably quarter percent on the average sales price. But the homes sold month over month. We were looking at down 27% last month.
[00:12:51] Okay. This month we're seeing it's up 15%. So that means it's still down from where we were in December, but you were up almost what, almost approaching 16%. Uh, as far as the number of homes sold, which is probably a little bit of seasonality, but obviously that's not where I expected to see the sales, uh, data indicating.
[00:13:09] So this is new information that we're reporting on. We just started this year. I know we've already heard from a ton of people that you're loving, uh, the sales info right along with the rental info. So be sure to mention in the chat, uh, if you are enjoying this or if there's any other information that you'd like us to report on along the way.
[00:13:27] But this is, this is awesome. It's not, it's not, um. It's not defending my argument, I will have to admit so far. But look, we're still early on it. I'm not ready to give up my stance yet. We'll see where we're next month. Well, and it is, you know, year over year it's down 6%. So, uh, that, that does kind of go to your, in terms of number of, number of number of homes sold.
[00:13:47] So, uh, that's, it's cool that we're doing this data at such a interesting time in the market because it's gonna be fun to watch and report on this as it kind of unfolds, uh, uh, live, you know what I mean? And then it's, it's cool. So I'm really glad we're adding these sales data. I know. I love it. I love it.
[00:14:03] All right, I'm gonna jump into the next market here. We're gonna keep this thing. Let's do it. Rolling.
Fishers Market Insights and Rental Cap Discussion
[00:14:06] All right, fishers. Okay. So I was just talking to somebody yesterday. Uh, a, an owner actually. So if, if you're new to the Fishers area, uh, you might not have heard, but the, the local government is trying to institute a 10% cap on, on rentals here in the Fisher's area.
[00:14:25] So, uh, whether they get that passed or not, it is, it is in motion. Uh, a lot of people do expect it to pass, but the person I was talking to yesterday, so loves the fisher's market, even has the exact same understanding of the market. And I was like, have you been watching our market reports? Because. His opinion on the market was exactly what we've been reporting.
[00:14:44] Where fisheries, historically is a really good market because there's really good quality applicants in that market, but the days on market really haven't been, they've been on the higher end of all these suburb markets that we are, we're kind of reporting on. So anyway, his, his we're standing in the market kind of surprised me, right?
[00:14:59] He's not a realtor, he is just an investor in the market. But anyway, he was trying to pick up as many properties in the Fisher's area as he possibly could before that 10% gets instituted. So, I mean, he's even paying, you know, higher than he typically would for an investment property. He didn't really care.
[00:15:13] He's just trying to pick up as many as he possibly can. And, uh, he has been parked those here with red door, but there's no surprise to to that, right? Uh, I mean, if you're a smart investor, you're gonna put 'em on the door. Uh. Go ahead. Well, it's a great, it's a, it's a great idea. I mean, if that gets passed, I mean, that is an absolute cap on your inventory.
[00:15:30] Yes. And you can only have X amount of, of, of rentals available. And so, I mean, wow. That's, if you're an owner and you already own those homes, that is an amazing thing. So, I mean, it's kind of a, I don't know, a double-edged sword or how, whatever you wanna call it, but uh, if you own a bunch of homes and fishers, you're probably praying for that thing to get passed, you know?
[00:15:48] Absolutely. So I'm just curious. I saw your hand glove. Did you have somebody walk in the door, walk in the room? Oh, yeah. My daughter tried to come in here. Yeah, of course she did. I just did. She had to walk in. I'm like, out, out. There you go. Uh, okay. Yeah, you can tell we're professionals and we just want to, we wanna keep it professional the whole time.
[00:16:06] So I'm gonna get into this, my report, but that's what's happening in February or are in the fishers, uh, market. So if you enjoy fishers as a market, which I do, I mean, I, I always, I always, I know I've bashed fishers only because the numbers kind of make it hard for, uh, for an active, certainly a, a new active investor.
[00:16:24] Uh, but Fishers is just a solid market because good quality applicants low vacancy, and certainly low turnover costs are, are exactly what you're gonna find here in the fishers. Fisher's area. Um, so here we go. Here's the data. Number of active homes currently in the market is at 75, which is down from last month, which was at 86, which indicates a month over month, down from almost, uh, 13%, but 12, 12 and three quarter percent.
[00:16:48] Uh, as far as active homes, average rental price at 2250, which is up, uh, just over 7% month over month, uh, and still up year over year. Average days on market is at 47, which is completely unchanged from the prior month. We're at 47, uh, almost, almost identical to where we are for the Indianapolis market, which is not typically something you see in the fishers.
[00:17:10] Typically, it's a higher average days on market, at least for the last 12 months. It, it has been average price per square foot up almost 2% year over year, or excuse me, month over month. Now, here's the surprising is if you get the sneak peek. Now, I wanna remind everybody that we pull this data, uh, the the March.
[00:17:28] The, the sneak peek into March. There is very early data, and that could, that could very easily change by the time we report on March's numbers. But it's hard not to look at that slope because it's there. Yep. Uh, yep. So we have the incline, uh, as we get into February, which that's what we're reporting on.
[00:17:42] That's why we're up 22, 50 up just over 7%. Uh, but it's gonna be very interesting to see what happens in March. Uh, seasonality is a major factor for real estate in general, and it's, and it's no different for the rental side. So we'll see if it continues to tick on up on your single family homes as far as apartments and condos.
[00:18:00] Now I'm gonna skip back up. I'm gonna get away from the grass. Go back up to the apartments there. Uh, fishers isn't really known for an apartment community, but you have 17 active, um. Apartments currently on the market averaging at 1698 as your average rental rate, uh, at a dollar 36 for your average square foot and now condos.
[00:18:20] 15 active condos on the market, which is lower than I would've expected to be honest with you. It's 2288, uh, which is just, which is higher than your single family home average rental price, 59 days on the market and a dollar 20 per square foot. So you're getting a little bit more per square foot if you're looking at condos, which is what you're gonna need because a lot of those condos are gonna have high HOA dues right along with them.
[00:18:43] Um, and then you're gonna see the graphs there below. And just a reminder, as we throw these graphics up on all of our social media channels there, listed at the bottom of these graphics, you're gonna see a sweet little graphic where we compile your average rental price for single family homes, all in one nice, excuse me, nice and neat graphic, um, where you can consume all that all in in one nice, neat graphic.
[00:19:06] So, Mike, anything to report here on the Fisher's rental data? No, not too much honestly. I was just gonna make a mention to just make sure you guys stay tuned, um, to our channels and to our socials because we will be following that, um, the Fishers story for the rental cap, and we'll be talking about it and dissecting it and letting you guys know if it does pass.
[00:19:24] Um, I think, if I remember correctly, there is currently a grandfather clause in there, so if you have a rental home currently, it would be grandfathered in. It doesn't transfer to a new owner. But anyway, we'll discuss all of that as it, as it does unfold. If it does pass, we'll kind of be sounding the alarm bells and saying, Hey, it might be time to pick up some homes and fishers because your competition's gonna be limited.
[00:19:43] So anyway, just stay tuned for more info on that as that unfolds. Yeah. Yeah. On the subtle slides, as we continue to follow that, because I would imagine is that news system s had the opposite fact for at least the short term, right? Because I know that investor isn't alone, and I know that American Homes for Rent and Progress, uh, you know, all these major, major rental companies, I'm sure they're, they have the same idea.
[00:20:06] They're probably scooping up everything they can as quickly as they can portion of the homes. And, and Fishers could be rentals by the time they get that thing passed. Well, it might affect the sales data. We'll have to watch that over the next couple months too. You know? Yeah. It's gonna dream about it.
[00:20:19] Yep. Okay. I know, uh, that's the same thing that they were trying to avoid in the first place. All right. Here's your sales data for the fishers uh, market. Average days on market for a property. On the sales market here in Fishers is at 45, which last month we were at 50 Fulmer, so we're down. Homes are moving a little bit quicker here in the Fishers area.
[00:20:41] Average price per square foot, $183 per square foot, which is up year over year, down, just over a half a percent month over month. Average sales price at 360 6, which is up another 6%. Uh, and keep in mind, that is the investor point of view that we use. So any home that is sold under the $500,000 price point is included in there.
[00:21:00] So investor point of view and homes sold. Wow. Up 33% month over month. That is huge. Up 30% year over year. Wow. That is, that is huge. So 68 homes, uh, sold at this point, February, 2025. That is, that, that's crazy. That's wild sales priced over time. Uh, yeah. Lemme just mention graphic here, Mike, and I'll let you comment on that however you would, but that's, that's hard to swallow.
[00:21:26] I mean, that seems like a major increase. Um, and so sales brings over time, we're, we're ticking up. You look at that slope, uh, which seems pretty consistent or we're just a little bit early, uh, considering where we were, uh, last year. So. That graph is gonna be awesome to follow as we continue. And then, and then don't disregard the graph there.
[00:21:46] In the bottom right hand corner, which is a, is an awesome little graph. It tells you exactly how many homes, uh, have been sold over the past year in exactly what price bracket in mm-hmm. That investor point of view. So, uh, a really cool little graph that we came up with for, for everyone, uh, really by, uh, by, by request.
[00:22:05] But there it is. Um, Mike, what do you have to say about any of that? I mean, fishers has always been such a strong market. I, I think we're gonna see prices continue to go up here. Um, I like it as a market. It's a good fundamental market, uh, on that graph on the right. I, you know, I think I've said this before, but I really like that graph because you can see like.
[00:22:25] There are even homes under $200,000 in fishers. I mean, not a lot of them. There was seven sold in the last year, so they're probably a really small condo or a fixer upper or something. But they, they do exist. And then there's, there's 30 that sold in the two to two 50. So, I mean, they're probably gonna be small or condos or something like that, but they, they are available.
[00:22:41] You know, you look and there go, oh, the average sales price is 360 6. That's a lot. But, well, there's still like, I mean, even under 300, there's almost 200 homes that sold under 300,000. So anyway, I, I like that graphic for that point of, for that point of view, you can see kind of where, where everything lies.
[00:22:56] Yeah, it's a really good point. Exactly. Yeah. So if you still want to get in the fisher's market, but you only have two 50 to 300 to spend, uh, not it's doable, 360 6, it is absolutely doable. Yes. You just need to make sure that you're connected with that. Your, your, uh, group is, is uh, an experienced real estate agent that you're working with that can hopefully help you locate, um, you know, a property in that price.
[00:23:17] And if you need help connecting and, uh, putting your team together, reach out. I'm happy to assist. We have everything from lenders to real estate agents experience with working with investors. Reach out, happy to be part of that team and help you build that team right along the way. Yep. Okay. I think that wraps up Fishers.
[00:23:34] Let's jump into our next market report.
Noblesville Market Report
[00:23:38] Noblesville. All right. This is one that I'm always more excited about, which everyone already knows. So, the Noblesville February, 2025 market report. We're gonna jump in a number of active homes. We have 75, uh, which is up from 73 the previous month, average rental price at 1948, which is the first one that we've seen actually down month, over month, and year over year.
[00:23:58] That is, that is surprising. Let's see if that continues as we get into March, uh, March, 2025, market report next month. Uh, average days on market, 46 days on market. So that's ticking down right along with our previous market reports. And our average price per square foot is not far from where we've, uh, discussed so far.
[00:24:16] Uh, we're at a dollar five. Per square foot. Now where it gets a little squiggly there is in, uh, in that bottom grave, which, oh, don't let me skip over the apartments and town homes, which I tend to do here. Apartments, 23 active apartments here in the Noblesville community 1766 as your average apartment, uh, rental rate, dollar 51 per square foot and condos 15, uh, 2350, which is, again, higher than your, uh, single family homes.
[00:24:44] There's a trend there, for sure. 88 days on the market for a condo in Noblesville. So I would avoid those at all. Cost and 91 cents per square foot, uh, for a town home in, in Noblesville. Now the single family homes graph their average rental price over time. Uh, now this is the only one that's, that's got that slope down as you're getting into February, which is, which is really surprising.
[00:25:07] Any insight into why that might be in Noblesville? I don't know. That graph does not make any sense to me at all this year or last year. I mean, look at last year. Last year, peaked in February that we just don't see that, that that typically is like June or July when you see that peak. So that graph honestly makes no sense to me.
[00:25:27] It doesn't look right down what market peaks in February. That just doesn't happen. So I don't know that, that's weird to me. That's why it's like, I was looking at that, that data and the average rental price is down 13% year over year. I mean, at the face of it, that is shocking. Uh, but you look at that graph and something weird happened in January, February last year.
[00:25:46] I don't know. Something weird. Yeah. Yeah, I agree. Yeah, yeah. Hopefully it's a little bit more stable of a single family home average rental price over time graph. Uh, and just a reminder, I mentioned this in the, in the Fisher's market report, but as we break these up, that graph will be in a nice, neat graph compiled with all of the other markets that we report on for your consumption.
[00:26:04] So just be on the look at, uh, lookout for that on all of our social media channels, which you can find there at the bottom of this graph. Uh, so are you seen, go ahead. Are you seeing, lemme just follow up on this, and I think we've seen this in, if I remember Westfield, we're about to see it, but, um, that town home, the days in the market is like outta this world like crazy high.
[00:26:25] And if I remember we saw the same thing in Westfield maybe last month. Are you seeing that on the ground, like one higher end, um, higher end town homes, and then two, it appears, I mean, from these, from this graph, it appears that those are hard to rent. That's a very good question. And yeah. Yeah, we are seeing that on the ground now.
[00:26:47] We don't see, we don't see condos coming in, uh, as quick as we see single family, uh, coming in as far as, as far as new onboarding of new owners. Yeah. Uh, here recently, except for the Westfield market, which we've had a couple in Westfield, right. A couple in Westfield, which, uh, as, as everyone knows, and again, I give our, our podcast here, a lot of credit for, uh, having a direct impact on these markets.
[00:27:11] 'cause of course, why, why wouldn't it, obviously, uh, but the Westfield market has become really saturated with condos driving down your average, uh, rental rates. And, um, I mean. Thanks to having Red Door informed on a monthly basis. Our owners were ahead of it. They were, uh, they were reducing their rents, placing tenants a lot quicker than the competition, but it was driving down rental rates nonetheless.
[00:27:35] Yeah. And, and uh, so I think it's just getting harder to, I mean it's getting really the cash flow in a lot of, a lot of these markets in general because of interest rates. But condos, I think even more so, it's just getting harder to cash flow in your average days on market because the pool for interested applicants is just a lot wider for those interested in single family homes more than.
[00:27:57] More than condos. Yeah. Um, I think it just also goes to show you really gotta dissect the data. And, and I like the way that we do this here to show it is important. Like if you just say, oh, average days on the market in, in Noblesville is 46. Well, if you have a high end condo, it's a whole different story.
[00:28:12] You know what I mean? And so it's, you're 88, so you need to really be a little bit more of aggressive stance. So anyway, that's all I wanted to point out. Yeah. I'm glad you did. And I'm just looking at last month's market report as well. I mean, uh, the, the condo rates, the average rate for a condo is ticking down month over month.
[00:28:29] Um, a faster rate than your single families. And your average days on market is consistently higher. Uh, month over month is, uh, when compared to a single family home. So. Yeah, I mean that's a, that's a good comparison. We'll have to continue to watch here in Noblesville. Yeah. Cool. All right. Getting into your sales data here for Noblesville, your average day's on market, so even ticking up.
[00:28:51] Wow. Noblesville is just a different reports all the way around, uh, on the rental side as well as the sales side. Look at our average days on market up almost 50% month over month. Last month we were in average days on market at 35. This month we're at 52. Your average price per square foot is ticking down at 1 67, and here your average sales price is down just over half a percent at 3 42, uh, five 13.
[00:29:15] Now, the only thing that's a little bit stranger as your home sold is, is up up 7% month over month. But although, man, yeah, wow, down, it's down 15% year over year. I don't know. We're gonna have to keep our eyes on Noblesville for sure. Average sales price over time. Now you'll see those lines, which is shocking to me.
[00:29:38] That's cont it's almost merging with last year, which of course makes sense when we're looking at our number of homes sold down 15% year over year. But, uh, as far as your average. Price, man. We are almost right in line with where we were last year. I can't wait to see if this is gonna stay consistent as we get into March.
[00:29:54] Number of homes sold. Uh, awesome little graph there for you to, uh, for you to consume. It's our investor pro, excuse me, our investor point of view, which is any home that's sold under the $500,000 price point, it kinda shows at what price point you can enter this market at. So there's homes available, like Mike indicated there on the Fishers report, that there's homes for sale in the 200,000 to 250,000.
[00:30:15] Uh, there's homes for sale in 250 to $300,000. So this market is, uh, you can get into this market for different price points. Yeah, and I think just on that, um, on that graphic there, you can see, you know, my mind Noblesville has always been a little bit more of a value play, uh, over Fishers. But the average sales price has, has merged, uh, it's almost, I think pretty close to Fishers.
[00:30:36] Um, but that this graph, you can see that there's actually a. More affordable homes. Like if I, if I, the one we just talked about, there was only seven, uh, in the zero to 200 range. There's 25 that sold, uh, in Noblesville in that price point. I don't remember what it was. Uh, uh, under two 50. But I, I think there's more here.
[00:30:54] So you can see that Noblesville is a more affordable market. It is. It just is. Yeah. But you're right. I mean, yeah, comparing that to the Fisher's market, I'm just looking at last month's market report 'cause it's easy, easy for me to access here. But last month, our average sales price at 3 45. For Fishers.
[00:31:12] Yeah. For Fishers. Yeah. I know all those, like Northside ones all kind of like converge at that three 50. Now we're putting that, we're, we're putting the cap of 500 on there, right? Right. So you gotta remember that, that this isn't kind of like just all sales for the entire city. It is under 500,000. So that makes a little more sense.
[00:31:30] Yeah, that's a good point. That's a good point. Yeah. I think that wraps our Noblesville market report for the rental and sales market data. Be sure to comment, uh, in the, in the chats and comment section if you have any questions about this market or any other, or any other data point that you're interested in seeing as we continue to cover these.
[00:31:46] But I think we're ready for the next market. Ready? Let's do it. Westfield ex, my ex favorite, uh, market is now Westfield. I've been there, I've been there. It takes a while to recover, but hey, there's, there's always hope. There's always hope. No, I'm just joking. Westfield's still a good market. It's just not a market that if you're gonna buy a new home in right now, you're.
[00:32:09] Most likely not gonna be able to cash flow. That's just the reality. Prices have driven up. I mean, rents have also followed, don't get me wrong. Um, but prices have driven up and of course rates are affecting, are affecting everybody. So, um, I dunno, I'm probably not buying a brand new house here unless I just wanna own in Westfield.
[00:32:24] I think it's a good play. It's gonna be a great community. This is a long-term, amazing community. So much going and there's so much development. So, um, a little bit of a joke, but, uh, let's get into the numbers here for Westfield. So, 66 active homes. It's exactly the same as last year. Um, average rental price.
[00:32:41] Look at that man. $2,500. I, I just, I, I remember like a couple months back, remember we pulled up the history of it and it was, I mean, like 16, 1700 bucks was, was, I mean, this thing just shot through the roof over the past couple of years. So, um, I don't think we have that, uh, runway in front of us. I think probably, um, if you own a home, uh, and have owned a home, you're loving life in, in Westfield.
[00:33:06] Uh, but still look at this month over month, that's up 4% now, that is down 7%, uh, year over year. Um, average days on the market, we've been talking about this for a while. Westfield is a struggling, um, 76 days in the market. That is brutal. That just eats into your return if you're an investor. So, uh, if you've got a home in Westfield, you're gonna probably have to be a little more aggressive on price than, uh, you may want to be, especially here in the short term as we kind of try to get out of the, the winter season.
[00:33:35] So, um, again, good, bad or ugly, we kind of talk about the numbers, whatever they are. And this is, this is kind of an ugly number. 76 days in the market is not great. Um, and then average price per square foot for a single family home in Westfield is a dollar 19 per square foot. Uh, just going over quickly, uh, I guess not too quickly, but apartments in, there's 21 apartments, uh, in Westfield.
[00:33:55] Average sales per average list price for a rental is 1771. Average, uh, price per square foot for a, uh, apartment in Westfield is a dollar 72. That's a big difference between, um, the single family. Yeah. Um, and then this is what we were talking about. Uh, now the days in the market's actually better, which is interesting, but the town homes slash condos, there's 37 of them, which is a lot.
[00:34:18] I mean, that is more than half of the single family homes available. So the inventory is pretty high. Yeah. Um, I mean that's, it's a lot. That's more than half of the single family homes, uh, have, are town homes as well. Uh, average sales price 1990. Um, that's interesting. And 54 days on the market, which is significantly better than the single family homes.
[00:34:40] Uh, and then a dollar 38 for the average price per square foot. So I think that's changed a lot over the last couple, couple of months in, uh, in Westfield, but I'm just kind of shocked how much inventory there is for town homes in Westfield. Yeah, so couple things I just wanna mention here. And, uh, so. A major, a major reason why it's important to work with an experienced property management company who's in tune with the numbers like this is because when you're, when you're seeing an average on market for single family homes at 76, uh, you absolutely need to be working with someone who is in tune with these numbers and knows how to react to these numbers so that you can beat those numbers.
[00:35:18] Because just like Mike indicated, it is absolutely directly reflecting ROI And um, and as we've indicated in previous market reports, there's a lot of competition. Now, one thing I wanna mention that's interesting is this is the first market report we've done this month where the condos average monthly rental price is lower than your single family homes.
[00:35:38] Yeah. As I've mentioned as we've covered the other ones, all the condos have been higher than your single family home average rental price. Why? Why that is? It's anybody's guess. Now, something else I'm gonna mention here is month over month. Our average rental price for a single family home this month is at 2,500.
[00:35:53] Last month we were at 2,400, so that indicates an increase of a 4.17 month over month for the average rental price for a single family home time. Now, if you've seen all of our previous market reports, which I know everybody watching, this is tuned into every single uh, podcast video that we drop because you're interested in staying in tune with the market.
[00:36:11] You know that we've talked about how saturated the condo market here is West in Westfield is, and this is absolutely a direct reflection of that because I. Last month, the average rental price for a condo was at 2025. So we have ticked down as far as your average rental price, where your average rental price for your single family home is up a hundred dollars.
[00:36:31] Your average rental price, uh, for a condo has ticked down, uh, almost $50 a month. So that's, that's extremely telling. And, and right in line with, uh, exactly what we've been preaching over the last several months about what's going on in the Westfield market. So, number one, uh, I'm gonna pat myself and Mike on the back for not only reporting the data, but the data also backing up what we've been saying for months.
[00:36:56] And also I'm gonna pat us on the back for reporting these numbers and I'm gonna pat you viewer on the back for watching this, for staying in tune with these numbers because you're an educated investor for doing so. So that, I thought that was really interesting. The first market report we've gone over where your condo price is lower than your single family home and mic drop.
[00:37:16] Chris, you're really good at, uh, patting yourself on the back. You know, that's young. I've been told that I have mastered. No, Chris, you do make a good point. I mean, working with a property manager or knowing it yourself as a, as a owner, it's so important to know, oh, hey, I've got a home in Westfield. Geez.
[00:37:32] It's like almost panic mode days in the market is 76. Like, we need to get going on this. It's not just sit back and like, you know, I'll wait for the applications to come in. No, you need to be aggressive, otherwise they're not gonna come in and you're gonna be, you're gonna be that average and we don't want you to be that average.
[00:37:44] So kudos to you for watching and, you know, make some moves based on, on knowing the numbers. Exactly. All right. Uh, enough that, let's, let's Westfield Sales. Let's look at it. Here we go. Okay. Westfield sales. Uh, 42 days on the market. It's kind of in line with what we've been seeing everywhere else. Again, respectable.
[00:38:03] Um, that is up. However, 20%, uh, month over month and year over year. I guess we don't have that number. I. Uh, $200, even on an average price per square foot, that is up for almost 5% month over month and almost 9% year over year. Impressive. Um, and then, um, the average sales price, uh, 3 59, 1 0 6, uh, that is down both year, over year and month over month.
[00:38:28] So that's interesting to see, um, as well. And then, uh, 67 homes sold. And again, this is all under $500,000. Um, so trending in the wrong direction or the opposite direction of what we've been seeing, I guess other than Noblesville, but, uh, sales price going down. Uh, contrary to what I was saying at the top of the podcast about, I think prices are gonna continue to go up.
[00:38:51] Well, it turns out I was wrong. This month though. And so let me know if you think that this might be the case for Westfield. Westfield. And I think, I think I'm gonna be right because I'm looking at the number of homes sold with, which is in our investment point of view. And you're gonna see that that bar graph looks much different than we've seen, uh, in previous, right?
[00:39:08] Where, where it's kind of peaking at 300, 3 51, Westfield, historically has been very expensive homes, right? Yeah. Well, with the construction build that's happening, there's more affordable homes popping up in West Field, which skew some of these numbers where your average sales price might be ticking down, but not because your value is ticking down.
[00:39:26] It's because more quote unquote affordable homes are being built in this area where, where homes are historically half a million, you know, or a million dollar homes. Uh, there's, there's more of your, your, your cookie coder homes being developed in this area, which is, which is skewing the data a little bit.
[00:39:41] Yeah, there is, there's so much building out there. It is. Yeah. Head spinning. I mean, it is crazy. So yeah, that's definitely, definitely affecting things. Um, but you can see, I mean, again, going back to that bottom right graph for me, I love it. You can just see how affordable is this area. Um, it's certainly less affordable than Noblesville because zero to 200, there's only four and it's, uh, you know, on par less than, than Fishers.
[00:40:01] So, um, this is not, you know, I wouldn't think of Westfield as an affordable, uh, or a value play, I should say. It's still affordable. I mean, three 50, honestly, if you're in California and you're watching this, you're drooling at three 50, you know what I mean? Exactly. Yeah. And if you watch previous market reports, uh, that we've done economic reports, that is, you know, what's going on in Westfield, the big, the massive grant Yep.
[00:40:24] Expansion. That's, that's happening. So if anything, man, talk about an appreciation play if you can get one of those cookie counter more affordable homes. Uh, as far an as an investment. Now this is gonna have the same play that you're going to have in the Fishers market. Your, your quote quality applicant is gonna be much easier to find.
[00:40:46] Your turnover costs are gonna be very low in this area. Um, so, and your appreciation play is gonna be much higher in this area, I think, um, as time goes on. I think in the long term, I think in the short term, no, just because there's so much building going on right now. Um, but I think in the long term, absolutely this is gonna be, you're gonna see great, great appreciation here.
[00:41:06] Yeah, I completely agree. Okay. Ready to keep moving? Yeah, let's do it. Good, good. 'cause this market's too pricey for me. Here we go. All right. Greenwood, here's my, my Noblesville twin or sister or brother, or however you wanna look at it. Number of homes currently in the Greenwood market, uh, for February, 2025 is 72, which is down 28.
[00:41:29] Percent. Yeah, I mean this month we were looking at a hundred active homes on the market. So active homes is ticking down. Let's see if there's any other numbers that are gonna help us explain that. So average rental price is up year over year, but down month over month by $50. Last month we're at 1850.
[00:41:45] This month we are at 1800 as your average rental price. Uh, average days on market is at 50, which is ticking up from 45. Now that is a little bit surprising, uh, that your average days on market is getting, Greenwood is ticking up because Greenwood, I think is a really, really good market. Homes tend to to go really quickly.
[00:42:05] Uh, and this market, average price per square foot is a dollar six. Now apartments. Wow. Look at this. So I wanna, we've had apartments and condos there. So the first, first, uh, numerics there at 42, that's gonna be your apartments and your condos, which is going to be a very skewed number. So hold very little.
[00:42:23] Uh, this, this data's gonna be well built on one unit. So, uh, I would hold a little water with this, with this data is, is what I mean to say. So, 42 active apartments currently on the market at an average rate of 1287. Um, and then your condos, one condo currently on the market. So maybe nobody, if you are in the, the condo construction business, you might be looking at Greenwood to start building.
[00:42:46] Uh, 'cause it's got, it's got, it's got 1 16 99 as your average rental rate, which I'll bet that's exactly what that one unit is marketed at. And your averages on market at 79. Uh, so whoever holds is, is, uh, owns that. One property is frustrated because they've been on the market for 80 days. It's like, I'm the only one on the market.
[00:43:07] Why am I not, why does nobody wanna rent it? Lower that rental rate, buddy. Okay. It needs same family home graph there is awesome. It's ticking up our sneak peek in the march, which really means nothing 'cause it's too early to tell what's gonna be happening in March until we come. That rental market report, uh, and then those other sweet little graphics there.
[00:43:26] Until you look at that town home one again, look at that. It's like the St. Louis Arc right there. Oh, the, that one owner's looking at this market report and he is like, that's me.
Greenwood Rental Market Insights
[00:43:37] That's, that's my, my business model. All right. Uh, that's our rental market report for Greenwood. Mike, anything to add here? I don't have, I don't have much to comment on this one.
[00:43:47] I think we've kind of beat it up. If you're just tuning in, uh, for the Greenwood make report, you definitely want to tune back where we dropped a lot of information on the previous market reports or watch the whole video in its entirety, uh, which you can find on all of our social media channels there listed at the bottom for, for your convenience and consumption.
[00:44:03] Anything you wanna mention on this one? No, I, I mean, I think it's good. It's, it's positive. I mean, days in the market is up, but it's still only 54. February, again, 50 a little high, but it's, it's February, uh, and year over year, month over month rental price is heading in the right direction. So, uh, I mean, maybe a little boring this month, but still positive.
[00:44:21] Yeah, yeah, A little bit boring, positive. I mean, days on market is, is the number I love to watch. And when I see really anything over 30, not what, not what I enjoy, but of course understand why it's, why it's higher than that for, for anyone that has a property under management with any other company is gonna see much higher than that.
[00:44:39] Am I right? Alright, moving on. Here we go. Well, and just, I know we commented on this before, but in case, uh, uh, some viewers are just catching on now, but it does highlight the importance of. I trying to get on that spring and summer, uh, leasing cycle. We here at Red Door, we always, always, always push when we have renewals, uh, when we have vacant properties.
[00:44:56] If you have a vacancy in December, January, February, we're always approaching tenants to see, hey, interested in a 14, 16, 18 month lease to get onto, like at least past March or April. It just makes such a big difference and you can see it in the graphs where you're actually gonna get more, uh, on a monthly basis.
[00:45:12] If you can rent your home out in May, June, and July, you're gonna get more on a monthly basis. You just are this, the averages are just higher, so it's so important to do that and make those moves with this market knowledge. Again, another reason to tune in, uh, is to get more on your average rent because you have a vacancy in June instead of February.
[00:45:31] You're absolutely right. And we don't, we don't give this podcast really to, to try to tout Red Door, although you, you will find me doing that sometimes because it's just by habit. Uh, and we have other property management companies that also view these market reports 'cause they wanna stay in tune and, and kudos to them for doing that.
[00:45:45] But, uh, yeah, if, if you haven't addressed this with your management company that um, what are they doing in order to try to achieve that seasonality, turnover time, you absolutely need to be asking that question because maybe, maybe they don't do something already. Uh, and they need you to push 'em in that direction because you absolutely should be trying now.
[00:46:07] I mean, you don't wanna extend your vacancy overwhelmingly, or turn, or, or necessarily uh, uh, uh, have a negative effect on your tenant retention in order to do so. But you should, yeah. You should be making efforts to try and achieve Absolutely. That seasonality. Turnover. Yep. Absolutely. Okay. All right.
Greenwood Sales Market Analysis
[00:46:23] Let's get into the sales.
[00:46:24] Daniel, for Greenwood, average days on market is at 80. Wow. That's ticking up from 54 where we were last month. Yeah, that is, uh, that's significant. So average days on market here in Greenwood is at 80. And, uh, wow. Man. And jumping over to average sales price, which is ticking up. 9%. Wow. This is weird. Yeah.
[00:46:45] Prices aren't going up, aren't they? Man? We are getting closer. Who does Greenwood think? It is? It is ticking up closer to the Fisher's price. Point is, yeah. Think you have average price per square foot. Uh, 1 53, which is down month, over a month, which your average sales price, uh, like I just mentioned, is up, uh, nine, almost 9.5% to 3 29.
[00:47:05] Uh, home sold is up 25% month over month. Oh my gosh. I gotta say, I mean, these are. School numbers to read, but it is kind of indicating that I might have been mistaken on my prediction, which I don't like. 'cause like we just mentioned, I'm patting myself on the back and I'm having a hard time doing that with these numbers.
[00:47:25] So we, I mean, it's angry at, we'll see where we are next month, but, um, average sales price over time, you're seeing it tick up. It's an awesome little ick there. And as we've mentioned already in previous market reports here, the average home, uh, a number of homes sold rather in, in each individual price point.
[00:47:42] So from 200, 250, 204 homes have sold, uh, over the previous year. And same thing as, uh, it looks like the top of the market there, two 50, uh, to 300,000, it looks like the sweet spot. But this is your investor point of view. So anything that is sold from zero to $500,000 is what we can call the investor. Uh, we can call that the investo

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Don't Miss Out! February 2025 Market Insights (Indy)