Indianapolis Real Estate Market Report for April 2016
For Real Estate Inquiries, Please Call, Your Journey Team:
Niki Fuller at 502-523-5554 / e: niki@YourJourneyTeam.com
It's the 3rd week of April and you might be thinking as to how the real estate market is fairing right now in Indianapolis. You might be thinking of selling your home this coming May of 2016 or still undecided, or probably thinking of buying a home, then it's a good idea to gain some insight on how the real estate market is fairing right now in Indianapolis.
However, the information I'm about to provide may or may not be accurate, and it's best to talk to us, or use our FREE HOME VALUE Tool on our website, or you can request a custom report from our team for a more accurate information.
You can also reach us at 502-523-5554 or send us an email at Niki@YourJourneyTeam.com. We'd be happy to help you in any way we can and answer any real estate concerns or questions that you may have.
Here is our Indianapolis Real Estate Market Report as of April 2016.
Price Trends:
Image and Information source: altosresearch.com
The median single family home price as of April 15, 2016, for Indianapolis, IN is $112,829.
Request for a FREE HOME VALUE REPORT with Your Journey Team.
Market Conditions:
Image and Information source: altosresearch.com
With a Market Action Index as of April 15, 2016, is at 40.40
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.
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