"Typically, home price per square foot in Indianapolis tend to rise in October. And the most recent data shows that the price per square foot increased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Indy are outpacing the national market."
"In October, there were 2,800 homes for sale in Indianapolis, which was 3.6% more than the month before and 21.3% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. The number of new listings in Indianapolis was 1,212, which was 7.2% less than the month before and 4.1% more than the same time last year. Nationally, the number of new listings fell by 2.7% from last month to 384,264."
Median listing price in Indianapolis was $265,000 in October. Listings on the market grew 3.6% from the prior month to 2,800 homes and were 21.3% higher than a year earlier. Price per square foot in Indianapolis rose 0.3% month-over-month, outpacing the national decline of 0.8%. New listings in Indianapolis numbered 1,212, down 7.2% from the previous month but up 4.1% year-over-year. Nationwide active inventory remained essentially unchanged at 1,100,001 and new listings fell 2.7% to 384,264. Homes in Indianapolis averaged 51 days on market versus 63 days nationally.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]