Metropolitan Indianapolis Board of Realtors just released final numbers for the year 2018. Here’s how home sales fared:
- Sales bucked the national trend and were positive. Up 1% over 2017
- New listings were slower in December, but still up 3% on the year
- Prices ended the year up 7% over the previous New Year, with the median house selling for $176,000
- And available inventory continued to tighten, down 4%
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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.
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