That’s how the Metropolitan Indianapolis Board of Realtors (aka MIBOR) summed up results for the month of July, stating “Sellers continue to be in a premium position to capitalize on market conditions.”
And those market conditions, you ask? Well, sales continue at a strong pace, up just a tad from last July but up 7% for the twelve months just ended. On the other hand, new listings are not keeping up with demand, making for limited choices for want to be buyers. In fact, July inventory was down 12% compared to a year ago. With mortgage rates near record lows, MIBOR points out, “Homes are selling faster now than they have in the past several years.”
Want to check out what your house might sell for— simple, call me!
To catch other great blog posts, simply go to www.indyschoicerealestate.com. And please keep in mind… “I work harder to make good things happen!” -Bob