The local housing market showed signs of slowing in March. Numbers just released from MIBOR, the Metropolitan Indianapolis Board of Realtors, showed:
- The number of new houses with for sale signs were 5% fewer than a year ago.
- Closed sales were down 4%.
- The median sales price has been increasing at a slower pace.
However, there are 6,212 homes currently available for sale and nearly 37,000 homes have sold in the past 12 months. Interested in talking more on what the market is showing, give us a call at 317 625 0655
November housing market numbers are just in for Central Indiana, courtesy of MIBOR.
- Unlike the nation as a whole, new listings are slowly increasing, +4% from last 2017.
- Sales are up as well, 2% Y-o-Y, but in a slowing pattern.
- Prices continue to rise, with median sales price now $179,000. Up 9% from a year ago.
- Sellers are getting 95% of their original asking price. (Which is to say it’s still a seller’s market but not like last spring.)
- Available inventory remains very tight, with 7% fewer houses available for each buyer to choose from.
Want to learn how to take the most of this market for your own self? Give me a call at 317-625-0655.
- Families wrapped up their summer vacations just in time to kick start the fall market.
- The activity pushed the median average price up 9% over a year ago, to $179,000.
- Closed sales were up 8% over August a year ago.
- Final prices averaged $6802 lower than the original asking price.
- Inventory remains tight
- But hey, there are 8,000+ homes for sale
If you are interested in a specific county or city, a Market Activity Report can be provided. Last month, Whitestown was highlighted. Click here for the report.
Indy’s Choice can be reached at 317-625-0655 or by email at firstname.lastname@example.org