Local Market Review: July 2020

Central Indiana home sales are recovering from the impact of the lockdown- as pent up demand pushed sales up 9% from July 2019, and that trend appears to be accelerating.

Inventory remains challenged, down 46% from a year ago.

But new listings showed a spark of life, up 7% from a month ago (so there is new hope for more homes being available).

Good houses are going faster and selling at almost 99% of asking price on average.  Prices are continuing to rise, with the median sales price now $225,000.

If you see something you like, [CLICK HERE for THIS WEEK’S NEW HOME LISTINGS] let’s check them out before it’s too late.