ADDRESS

8915 S Keystone Ave Ste C
Indianapolis, IN 46227

PHONE

317-657-8059

Market Update

Well the Metropolitan Indianapolis Board of Realtor’s numbers came out for the third quarter of 2015, and the numbers are telling.

It is a great time to be a home seller.

While closed sales are relatively flat in September with just a .4% increase, we have to keep in mind that the 2nd quarter of the year was stellar and the third quarter overall still saw a 6.3% increase in closed sales over the same period in the previous year.

To make things even better for sellers and potential sellers, listed inventory is only at 12,774 units. This represents only a 5.1 month supply of homes if the pace continues without new homes being added to the market and this is a 17.6% shorter supply of homes than the same period last year.

The result is exactly what you would expect, home prices are up (7.7% on average over same period last year) and buyers are paying at or near (within .5% on average) asking price.

In short, the time of waiting is over, list your home and get it sold while the market is on your side.

Have a great day.

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