March 2020 was definitely a unique month for the housing market. While the early part of the month was strong, the “stay at home” executive order was implemented in the latter part of the month.
Like others, I have been working differently to provide new home buying and selling experiences for my clients. I have conducted more virtual showings this month than I had in my entire 30+ year career. Who would have predicted that?? So if you have been eyeing a listing (CLICK HERE for new listings), give me a call or text at (317) 325-0655. I would be happy to walk it with you in real-time.
Now for the data…Across 16 central Indiana counties, the Housing Data released by the MIBOR BLC® comparing March 2019 to March 2020 shows:
• An increase in Median Sales Price of 14.8 percent to $209,000
• An increase in Closed Sales of 5.8 percent to 2,903
• New Listings increased 1.5 percent to 3,636