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 ^[1], with more in-depth analysis, real  numbers, charts and graphs.

If you enjoyed this post, you may also be interested in:

1. Market Watch – February 2012 edition ^[2]
2. Market Watch – January 2011 edition ^[3]
3. Market Watch – September 2011 edition ^[4]