Last Look on the Indianapolis Real Estate Market, Before August Ends

Last Look on the Indianapolis Real Estate Market, 

Before August Ends

For real estate questions, or inquiries. Please call 502-523-5554/ e: niki@yourjourneyteam.com or visit our website:www.yourjourneyteam.com

I always love checking the market trend every 1st day of the month and last day of the month. In that span of time, you will never know how much progress the real estate market has! Just to have an idea how our real estate market was before we started August, you can click here . You can compare how our real estate market stands before we started August and before we start September.

The information below may or may not be accurate. Also, the information below was last updated August 28, 2015. It will be best to ask your trusted real estate agent for a Custom Market Analysis Report. Don't worry! It's totally free! For Louisville and Indianapolis, you can request your custom report at 502-523-5554 or email us at niki@yourjourneyteam.com and please don't forget to visit our website:www.yourjourneyteam.com.

Indianapolis Market Trend as of August 28, 2015

                                      Source: http://altosresearch.com

Price Trends:

The median single family home price as of August 28 2015 

for Indianapolis, IN is $127,123. 

Please visit our website to request a custom report. www.yourjourneyteam.com.

Market Conditions:

With a Market Action Index as of August 28, 2015, at 31.56

What is a Market Index?

“The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.” -from altosresearch.com

Sales and Demand Trends:

The average property in Indianapolis as of August 28, 2015, has been on the market for about 110 days.

What is Sales and Demand Trend?

Simply put, “Days-on-Market” tells you how long the active properties currently for sale, in aggregate, have been on the market (a.k.a. “time on market”). Said otherwise, “of the active listings currently available for sale, how long have they been for sale?” - from altosresearch.com

Price per Square foot:

The median price per square foot for homes in Indianapolis as of August 28, 2015. is about $69.

Homes for Sale:

There are about 4,538 properties on the market in Indianapolis as of August 28 2015.