The latest housing stats are out!
April 2020's single family home market stats show an increase in median sold price from $209,000 in March 2020 to $210,000 in April, which is an 11.2% increase.
Days on market dropped slightly from 39 in March to 38 in April.
As expected due to COVID-19, new listings dropped to 2,779, a 24% decrease from the 3,635 listings we saw in March.
Perhaps due to scarcity, the percentage of ask received by sellers rose to 98.3%, a slight increase from last month's 97.9%.
Looks like the market is still strong, particularly if you are a seller. And don't worry if you are a buyer; due to current low interest rates, your buying power may increase.
If you are thinking about making a move, now would be the time.
Want to continue the conversation? Let's talk further!
Miriam Odegard, Broker/Sales Director, Herg Group Indianapolis
Keller Williams Realty
8555 North River Road, Suite 200
Indianapolis, IN 46240
text/mobile: (317) 220-5397