Market News

Market Snapshot

Indy sales have been running the most ever… 36000+ sold in past 12 months! They’ve been strongest over 175k.
New listings are flat year-over-year. A decade ago, there was half again as many homes on the market!
Inventory is down 20% from a year ago, and is tightening most under $175,000.
All that, along with uber low mortgage rates, has combined to push the median average house price to the highest point ever— 160+ during the past year. Up 7% from a year ago, and 25% from a decade ago.

Homes are selling on average for 4% less than their original list price.
Whether you’re buying or selling, be sure to call us, “We work harder to make good things happen!”

6 Things about the Local Market

6 Things about the Local Market

Listings have been flat this past 12 months.
Sales are up 7% over the same period.
Put those two facts together and you get a market with 23% less inventory per buyer.
Yet there are 9,314 homes currently for sale.
Prices are up 6% from a year ago.
The median price now stands at $173,000.

Whether you’re buying or selling, let us turn those 6 Things to your advantage. …call me, “I work harder to make good things happen!” -Bob

9,015 Homes For Sale

The Metropolitan Board of Realtors (“MIBOR”) just released sales figures for the month of May. Here are the highlights:

Sales were stronger earlier this spring buying season than last.
And yet May closings were up 18% over April’s. (There’s no doubt it’s shaping up to be a strong year!)
Sales for the past 12 months are up 7% over the previous 12 months period.
Median sales price continued to increase, sitting at $168,000 for May.
May sales brought 96.3% of their original asking price, meaning the average house listed at $100,000 actually sold for $96,300.

While supply is tight, there were 9,015 homes for sale at month’s end. 9,015. That’s a LOT of houses to choose from. Let me know how I can help you be a new home winner in this tight market environment. — call me, “I work harder to make good things happen!” -Bob