DEC 2021 | Market Insights Report

MIBOR just released December numbers for the Central Indiana housing market. The key takeaways are:

·     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
·     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!