Both closed sales and the median average sales price continued to make gains across central Indiana during February. Sales were up 10% over last February, and were up 8% for the 12 months just ended versus the same period ending February 2015. Prices were up 3% over last February and 6% year-over-year. The median average price now stands at $148,000 in the central Indiana market. Btw, that’s the highest February number on record!
Meanwhile, the number of new listings continued to lag way behind the pace of sales. Inventory is down 6% from a year ago, making available inventory for buyers slim, slim, slim.
All of that is great news for sellers. Now, if you’d like to learn how to take advantage of this seller’s market— give me a call.
“I work harder to make good things happen!!”