Real Estate in the Circle City

By: Ashley Edlund Email
By: Ashley Edlund Email

2011 was the best year Prudential Real Estate has seen yet.

Prudential Real Estate Agent Bobby Dean said, "Prudential hung in there and we looked good last year. And it looks like we're going to have a better year in 2012"

But in a tough economy, how are they doing so well?

Dean said, "Well let's just say that I have a home of my own that I rent out and last Monday morning, I put a sign in my yard at 9:30 and I had it rented by 2 in the afternoon.”

Dean says he received 15-20 calls for the house in just one morning.

But while rentals are sky high, sales haven’t been as lucky, with 1,162 homes sitting on the market.

Dean said, "A healthy inventory for homes on the market would be 600-700 homes on the market.”

Some renters say the cost of maintaining a home would add up.

Renter Melanie Register says, "You don't have to worry about, ok how am I going to pay for this?"

For Register, renting was cost effective and faster than purchasing a home.

Register said, “Instead of having to wait forever to find what's available you can find what's available and move in within a week or two."

Social media is also a huge part of how real estate agents like dean do business.

Dean said, “We do everything we can dream up and think of to get the advertising out there."

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