Just Released: May 2020 Housing Data

Dr. Elliot Eisenberg, an internationally acclaimed economist/public speaker says, “National indications are that as the result of the great lockdown of 2020, many families are re-thinking their housing situation and realize that they want something different, usually larger and more tailored spaces, along with less proximity to neighbors. This same scenario may well be playing out here in Indianapolis, where families are now placing a premium on having more space for a home office and workout area.”

I couldn’t agree more. Last week, my Hamilton County listing with six private acres had 32 showings in 4 days. The Seller couldn’t be more pleased with that SOLD sign up in their yard!

Let me show you the housing data just released from the MIBOR BLC® comparing May 2019 to May 2020:

  • An increase in Median Sales Price of 9.2 percent to $215,000
  • An decrease in Closed Sales of 23.3 percent to 2,703
  • New Listings decreased 21.2 percent to 3,744

And more specifically for Marion County….

Despite our current atmosphere, these numbers indicate that many are still eager to buy… When you are ready, give me a call at (317) 625-0655.