May 2023 Housing Market Statistics

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Market Trends


Mornin', peeps!

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,