“The Indianapolis February median sales price of $223,500 was at an all-time February high and rose 18.9% over last year,” said Shelley Specchio, MIBOR CEO. “In addition, active inventory dropped to an all-time low of just 1,577 listings. REALTORS® agree the steep dip in new listings and continued high demand make this an optimal time to consider listing your home. Quick hits:

  • An increase in Median Sales Price of 18.9 percent to $223,500
  • An increase in Closed Sales of 6.1 percent to 2,243
  • New Listings decrease 24.0 percent to 2,178

READ MORE courtesy of MIBOR

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