Indianapolis Real Estate Market Update – June 2018

The number of homes for sale continues to be a driving force in our market. Inventory of homes for sale in Central Indiana is down 25% year over year. This lack of homes available to buy has led to increased competition for buyers and hence, a higher percent of list price paid and median home sales price increasing 10% quarter over quarter to $185,000.

So it is a bad time to buy? Not necessarily. We have strategies to insure that our clients do not overpay and win deals that will benefit them long term. Both interest rates and home values are anticipated to continue to rise for the forseeable future. If you wait, you’ll likely pay more due to rising interest rates and you will miss out on more time for the value of your property to grow.

Have questions, give us a call!