July 2020 Housing Market Statistics

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Market Trends

The latest housing stats are out!

July 2020's single family home market stats show a rise in median sold price from $219,000 in June 2020 to $225,000 in July, a 2.3% increase.

Days on market have decreased; they were 35 in June and were 32 in July.

Units sold rose to 3,969 which is a 9.9% increase from last month's number of 3,847--and a slight increase to 8.5% from this time last year. 

Percentage of asking price received by sellers is STILL rising! It's a solid 98.8% and still climbing!

New listings rose to 4,158 from June's 3,847, which is only slightly higher than last month at 2.2%. However, it's down nearly 10% from this time last year. 

With numbers like these, it's safe to say that we are still in a robust seller's market with no signs of slowing down. Low interest rates and low inventory heavily favor sellers right now. However, buying is still a good choice too, due to low interest rates--particularly if you want to buy a brand new home.   



Does selling your home make sense to you? Thinking about new construction?  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