July 2021 Market Statistics

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Market Trends

 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:

Jinkies! Average prices have risen over $10,000 from the month before!

Yes, you read that correctly.

Yes, that's a $10k increase in a scant thirty days.*

Sellers Celebrate!

*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.

With gratitude,




Miriam Odegard

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

email:  miriam@miriamodegardhomes.com

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