Indianapolis Market Trend as of September 04, 2015

Indianapolis Market Trend as of September 04, 2015

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

Image source: www.rent.com

Last week, we had a last glimpse as how the real estate market fared for the last week of August. However, the results may vary and the information that we provide is just a general overview in the Indianapolis real estate market.

We always have to remember that the information here may or may not be accurate. I will and always advice that for a more specific and accurate report, you may always request for you FREE Home Valuation Report. You may contact Your Journey Team at  502-523-5554/ e: niki@yourjourneyteam.com or visit our website:www.yourjourneyteam.com.

Just in case you have missed the Market Trend Report that we have posted for the last week of August, CLICK HERE. 

Here is the Latest in Indianapolis Real Estate Market Trend for the month of  September.

Price Trends:

Image source: Altosresearch.com

The median single family home price as of September 04 2015 for Indianapolis, IN 

is $126,746. -source: altosresearch.com

Market Conditions:

Image source: Altosresearch.com

With a Market Action Index as of September 04 2015 at 31.35 

- source: altosresearch.com

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:

Image source: Altosresearch.com

The average property in Indianapolis as of September 04 2015 has been on the market for about 110 days. - source: altosresearch.com

What is Sales and Demand Trend?

Simply put, “Days-on-Market,” tells you how long the active properties currently for sale, in an 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:

Image source: Altosresearch.com

The median price per square foot for homes in Indianapolis as of September 04 2015 is about $69. - source: altosresearch.com

Homes for Sale:

Image source: Altosresearch.com

There are about 4,562 properties on the market in Indianapolis as of September 04, 2015. - source: altosresearch.com