MIBOR just released December numbers for the Central Indiana housing market. The key takeaways are:
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· Prices continue to edge upward, up 1% over last month, but definitely off the 15% pace compared to a year ago |
| · Sales in December were down 2% from December 2020; with average days on market growing from 21 to 26 days | |
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· Active inventory continues to slow, down 14% from the preceding month, and 14% from a year ago |
| · Inventory remains tight- especially among homes built in the most recent 30 years. Some have drawn as many as 40 offers. With older homes, sales are much, much, much slower |
A full PDF report by county can be found here
If you are thinking of selling / buying this year, give me a call at (317) 625-0655. I can provide a full comparative analysis so you can make an informed decision on the next steps. Might be the right time for you!
