MIBOR just released numbers for October, and sales were BIG— up 11% over last October and running +5% for the past 12 months. Meanwhile, new listings continue to be flat. So, add in ultra low mortgage rates, and those factors have combined to push the median average price up 7% to $164,000. There are 9,066 properties listed for sale in central Indiana, which is down 15% from a year ago. On one hand, 9,066 houses is a lot of houses for sale. On the other hand, supply per buyer is down 19% from a year ago.
If you’d to take advantage of all this BIG market has to offer— give one of us a call, text or email. Remember, we work harder to make good things happen!