MIBOR just released sales figures for the month of October, showing that house sales in central Indiana are holding strong. 2844 houses sold during the month, up 6% from a year ago. New listings were down 5%, with the combination pushing the median average price to $153,000 (or 8% more than a year ago). The Realtor association commented, “As older Americans start to retire and downsize, single family listings will rise, giving us that inventory boost that has been long awaited.” I gotta’ admit, I wouldn’t mind seeing a few more properties on the menu!
Looking to buy or sell in this market, ask me how to make the best deal! ‘Nuff said!!