Indianapolis IN Real Estate Monthly Report as of Feb. 2016
For Real Estate Inquiries, Please Call, Your Journey Team:
Niki Fuller at 502-523-5554 / e: niki@YourJourneyTeam.com
It's that time of the month to see if the real estate market improved in Indianapolis, IN. Though, the information may or may not be updated right away, since it takes a lot of time to gather the general statistics. Plus, the information may or may not be accurate since this is just a general information.
I would like to remind everyone that the report I will be providing you may or may not be accurate and it is best to contact our team for a FREE HOME VALUE REPORT or Request for a FREE CUSTOM MARKET ANALYSIS for a more accurate information.
You can reach us at 502-523-5554 or send us an e-mail at Niki@YourJourneyTeam.com. We are always happy to help with anything that you need.
Here is February 2016 Real Estate Market Report for Indianapolis, IN.
Price Trends:
The median single family home price as of January 29, 2016, for Indianapolis, IN is $119,544.
Click here, to request a FREE HOME VALUE Report with YOUR JOURNEY TEAM.
Market Condition:
With a Market Action Index as of January 29, 2016, at 31.42
What is a Market Action 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.” Read more at: altosresearch.com.
Sales and Demand Trends:
The average property in Indianapolis as of January 29, 2016, has been on the market for about 130 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?” - source:www.altosresearch.com
Price per square foot:
The median price per square foot for homes in Indianapolis as of January 29, 2016, is about $65.
Home for Sale:
There are about 3,990 properties on the market in Indianapolis as of January 29, 2016.
What is Homes for Sale?
“Inventory” is simply real estate lingo for “the number of homes for sale.” This stat shows you how much supply is available in the market you are researching. Read more at http://altosresearch.com.
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