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Central Indiana Housing Market Booming

May 16, 2016 by Envoy Real Estate

property-boomAccording to MIBOR, first quarter housing numbers rose in Central Indiana while the industry continues to keep a watchful eye on inventory numbers.  Listings, Units Sold and Prices all climbed at a healthy pace in the first part of 2016.  New listings in Central Indiana increased 8.9% in March and 4.3% in Q1 2016 compared to the same quarter in 2015.  Pending sales were up 16.5% for the month and 14.6% for the quarter.  Prices continued to gain traction.  Comparing March 2015 to March 2016, the Median Sales Price increased 6.3% to $148,750.  Months Supply of Inventory remains at 3.8 months.  The market is strong and poised for growth.  Buyers are taking advantage of low interest rates.  Would-be sellers should take heed and consider what this market has to offer them.  Contact a RealtyQwest agent today to learn more about the value of  your home or to take advantage of this trend.  You can read the full report here:

MIBOR – MONTHLY INDICATORS REPORT

Filed Under: Market Stats

Envoy Real Estate, LLC (formerly RealtyQwest)

5723 Birtz Road
Indianapolis, IN  46216
(317) 645-4444

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