MIBOR issued its monthly report for April and for the first time, the median average sales price in central Indiana hit the $150,000 mark. The push came from a combination of increasing sales coupled with tightening inventory.
Sales surged 12% while the number of new listings shrank 4% compared to last April’s numbers. The combination has been trending, and has caused the months of inventory to shrink to just 3.9. That’s a tight market. While there are plenty of buyers, one has to wonder why the sellers are sitting on the sidelines? With sales and prices on the rise, one would guess more home owners would be planting For Sale signs in their front yards!
If you’d like to see what this market might have to offer you, give me a call.