February sales activity numbers were just released today by MIBOR, the Metropolitan Indianapolis Board of Realtors. Board activity encompasses 26 counties in central Indiana, with the bulk of the activity coming in Marion and adjacent counties.
February sales totalled 1,810; which was a healthy 13% increase over last February. However, the 12 month numbers have been running about on par with last year’s.
New listings kept pace with the increase in sales, keeping the inventory of homes currently for sale at close to 11,000.
One number that is always of interest is the actual selling price versus the asking price. And the answer is… On average, homes are selling for 92-93% of their original asking price— meaning that the average 100,000 house is selling for about $92,500. If you need help sorting out the good deals from the bad- call me.