What Statistics Are We Seeing in Indianapolis Area Real Estate?

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The Indianapolis Area real estate market is really hot right now, which is great. If you've been thinking of listing your home, now is a really great time to do so. In the month of July, there was an enormous 31% increase in listings sold. The average sale price for July went up 7% to $187,000.

Another interesting fact to note is that our average days on market went down by 7%. Homes are selling quicker than they used to.

On a national level, June was the best month for homes selling quickly since the average days on market was kept as a statistic. We currently have a 5-month supply of inventory, giving us a balanced market where buyers and sellers can both reap the benefits.

If you are thinking about buying or selling, now is the time to do so. If you have any questions for us, give us a call and we'd be happy to help you out. We look forward to hearing from you!