Market News

Local Market Review: October 2020 Housing Data

Housing data was just released by the MIBOR BLC®, comparing October 2019 to October 2020.

  • An increase in Median Sales Price of 15.1 percent to $221,000
  • An increase in Closed Sales of 16.4 percent to 3,689
  • New Listings increase 2.2 percent to 3,746

My two cents ….Market has been on a tear.  This is the first sign of it easing off the gas pedal.  We’ll need to see the next couple of months’ data to see if this is an outlier or a trend change.

Looking for Specifics in your County, Click HERE and I’ll send you the data.

SEPT 2020 Housing Data

MIBOR just released its’ Central Indiana sales numbers, which includes the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, and Shelby.

From a year ago this time –

  • Closings are up 17%
  • Inventory is HALF of what it was
    • But New Listings now rising
  • Prices up 19% from a year ago
  • With avg sales price 99% of the asking price

Specifically, in Marion County,

Looking for Specifics in your County, Email Bob at Bob@indyschoice.com. Let me send you that data.

August 2020 Housing Data

MIBOR just released its’ Central Indiana sales numbers for August.

  • Closings up 2% over last August
  • Inventory continues to slide, less than half what it was a year ago
  • Causing prices to trend higher, up 15% from a year ago, with the median price now at $228,000

On average, homes are selling quicker.  Our new listing from this past week had 14 showings the first day and $OLD for top dollar.  More importantly, our client got the kind of terms he needed so he could move forward comfortably in pursuit of his new home.  If you’d like that kind of know-how and service, give me a call at 317-625-0655.