Welp, it's that time again:
your monthly market stats report, brought to you by your favorite realtor in the entire world!
That would be me.
So, median sold prices have risen, on average, $10,000 over last month.
In order to better illustrate this, I've made some changes to the graphic:
Yes, you read that correctly.
Yes, that's a $10k increase in a scant thirty days.*
*actual picture of sellers in the metropolitan Indianapolis area
Active inventory still remains low, some 25% lower than last month.
And were we low last month? Say yes. We were.
Here's a little about what I'm seeing in the field: many sellers are waiting until they've found a house before putting their homes on the market. While this is a prudent move, it does contribute to our low inventory issues. Percentage of ask received by the seller still remains a healthy 101.6%, city-wide. In some of the more popular areas (lookin' at you, Fishers, Carmel & Geist), percentage of ask received is nearly 103%.
Want to buy a house? It can be done, and we need to have a conversation first. I have some strategies for getting you your house, but we need to have a plan.
Want to sell your house? It can be done, and we need to have a conversation first. While this is a seller's market, there's a difference between getting a home under contract and keeping it under contract.
Want to know what's average sold prices are in your area? It can be done, and we need to have a conversation first.
I have a link that will give you a snapshot of what's happening, and if you would like a more detailed report, let me know.
Real Estate Broker/Owner, Odegard Real Estate Group
United Realty Indianapolis
1425 East 82nd Street, Suite 200
Indianapolis, IN 46240
text/mobile: (317) 220-5397