
If I kept a journal of questions people asked me because I’m a Realtor, this would by far be the most common one. There is a very long answer to that and a very short one. Probably the best one for here is in-between. The market is good and getting better. The supporting facts: About 21,300 homes have either sold/closed so far this year or have a sale pending now. That number is for the 9-county greater metropolitan Indianapolis, central Indiana area… Marion, and all the surrounding counties. That’s a lot of homes. This is slightly ahead of where we were last year at this time. Remember that this is without any government stimulus packages like last year to boost sales. The most important thing though is the total inventory is down a lot from previous years. Less homes on the market. It is becoming a more balanced market…the buyer to sellers ratio more balanced. Stabilizing prices result from that. The average price of a home has even gone up a little bit for a number of months in a row now.
The funny thing is, some people don’t belive me that it’s a good market for both buyers and sellers. Too much conditioning via the standard media model of “negative sells” . I guess you have to ask who they care about more, themselves or you?