“The release of August data shows that the real estate market in the greater Indianapolis region is strong for both buyers and sellers,” said Shelley Specchio, MIBOR CEO. “While active inventory remains tight, this month we have an increase in new listings, closed sales and an all-time high for pending sales. We saw a slight dip in the median sales price compared to last month but it remains 10.7 percent above August 2020. These numbers, along with low interest rates, show that it is still a great time to buy or sell and MIBOR REALTORS® are ready to help.”

Quick Hits:

• Median sales price increased 10.7 percent to $252,500
• Average days on market decreased 41.4 percent to 17
• Current active listings decreased 16.4 percent to 2,493

READ MORE courtesy of MIBOR

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