So, the Metropolitan Board of Indianapolis Realtors (MIBOR) released their monthly housing market report and, well...
Ever hear misinformation repeated over and over and over again--and you get so exhausted trying to combat it that you just stop?
It's a little exactly like that.
Median sales price is nearly identical to where we were at this time last year, only with a little spicy twist: we're still holding steady at $300,000 with interest rates of 6.84%.
Percentage of list price received is virtually the same at 99.5%, and inventory continues to remain low. New listings are down over 22% from this time last year, with active inventory lower than the month before at 3,292 units
Does this say market meltdown to you?
No, no it does not.
I implore you to remember the facts when evaluating the market.
The equity in your home matters; the house you want to buy matters and you deserve to know the score.
Let me run a cost-benefit analysis for you and then make your own decision...
...but don't make a move until you know the facts.
Because it's not just money. It's your life.
With Factual, Data=Based Gratitude,