Housing data released by the MIBOR BLC® comparing May 2021 to May 2022 shows:
- An increase in Median Sales Price of 12.8 % to $287,625
- A decrease in Closed Sales of 2.9 % to 3,336
- New Listings increase 6.1 % to 4,217
Despite the rise in prices, Buyers remain eager to purchase homes. Inventory is better (though still tight) and decreasing days on market make this an extremely competitive market. Make sure you have a trusted advisor by your side.
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Housing data released by the MIBOR BLC® comparing April 2021 to April 2022 shows:
- An increase in Median Sales Price of 15.5 percent to $275,000
- A decrease in Closed Sales of 3.6 percent to 2,987
- New Listings decreased 5.8 percent to 3,870
This data is proof that although inventory is still low, demand remains high. In this market, things are moving quickly, and Buyers and Sellers need an Experienced Agent to guide them through these times. Unfortunately, You don’t know what you don’t know. Don’t be fooled by a “fast talker.”
EXPERIENCE DOES MATTER.
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I am not telling you anything new. Housing inventory has been at a record low. Of course, that’s been great for homeowners who want to sell HIGH. Though for the Buyer, it has been challenging to view affordably-priced properties.
I believe A SHIFT IS ON THE HORIZON. Here’s what I am seeing :
Give me a call at (317) 625-0655 to talk through your specifics. It is possible to get you in a new home this year!