"Active inventory climbed more than 21% year-over-year, homes sat on the market longer, and sellers were cutting prices at nearly double the national rate."
"Active listings hit 2,127 in February - up 21.5% year-over-year, compared to just 7.9% growth nationally. New listings also rose 6.6% year-over-year."
"Indianapolis's median list price held at $255,000 in February - up just 0.4% year-over-year - while more than one in five listings carried a price reduction."
"The typical home spent 76 days on the market in February - up 14.4% from 66 days a year ago, and slower than the national median of 70 days."
Indianapolis has seen a significant increase in active home listings, with a 21.5% rise year-over-year. Buyers now have more options and negotiating power, as homes are sitting on the market longer. The median list price remains stable at $255,000, but over 21% of listings have seen price reductions. Sellers face increased competition, making competitive pricing essential. The typical home spent 76 days on the market, providing buyers with more time to make decisions compared to previous years.
Read at SFGATE
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