January is always an interesting point in time. The end of one year and the beginning of the next. A look back at last month and last year’s residential activity for the nine county central Indiana area reveals a market that’s keeps improving in all the right ways. The amount of inventory on the market has been reduced dramatically from high levels seen in 2008-2009 when an oversupply of homes for sale caused downward pressure on prices. Since then, a slow but steady reduction of inventory occurred, and average prices have been rising.
For greater perspective on the residential market for last month, take a look at my latest Market Watch Newsletter, with more in-depth analysis, real numbers, charts and graphs.
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