Indianapolis, IN Real Estate Market Update as of October 2, 2015

Indianapolis Real Estate Market Update as of 

October 2, 2015

For Real Estate Inquiries, Please Call, Your Journey Team:   Niki Fuller at 502-523-5554  / e: niki@YourJourneyTeam.com

Last week, we had our last glance as to how the Real Estate Market in Indianapolis doing. One thing is for sure about real estate, it's a lot similar and comparable to a roller coaster ride. One day it's up and then the next day down, it is hard to keep up with the real estate market especially if have plans on selling anytime soon.

I always say this to all the real estate market update that I have been writing. The report I am about to post may or may not be accurate and it is always best to check or request a Custom Market Analysis or take advantage the FREE Home Valuation Report with your trusted realtor. Make use of the services that they are offering in their website, it's free and easy to use. 

Visit Your Journey Team's Website at www.YourJourneyTeam.com for all the services that they offer. For a FREE HOME VALUATION in Indianapolis, click on the link http://www.yourjourneyteam.com/sell.php.

Indianapolis Real Estate Market Update as of

 October 2, 2015

 Source: http://altosresearch.com

Price Trends:

The median single family home price as of October 02 2015 for Indianapolis, IN is $125,065. 

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

Market Conditions:

With a Market Action Index as of October 02 2015 at 32.44

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 

Sales and Demand Trends:

The average property in Indianapolis as of October 02 2015 has been on the market for about 109 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 October 02 2015 is about $68.

Homes for Sale:

There are about 4,568 properties on the market in Indianapolis as of October 02 2015.