Number of Homes for Sale: -18%

Median Sales Price: +8%

Percent of List Price Received: 96%

The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons all over the country in 2017. Also, like most markets nationwide, prices in Central Indiana were up. This makes for a great time to sell and as more sellers enter the market, it could be a great opportunity to buy as well. Median Sales Price in our market was up 7.8 percent to $165,000 so affordability in some areas is beginning to become more and more of a challenge. Housing demand remained incredibly strong in 2017, even in the face of higher mortgage rates that are likely to increase further in 2018. Economic indicators don’t show a predicted slow down at all in 2018 so it looks as if it will be another crazy year in real estate!