June Update 2021

A monthly newsletter brought to you by McNulty Real Estate Services, Inc.


VOL. 5, ISSUE 06                                                                                        06/02/2021


 

Happy Summer!

Market Update: “The April 2021 Central Indiana residential real estate data indicated that the spring market is in full swing with closed sales increasing 17.1 percent to 3,033. Pending sales are also promising at an all-time April high of 3,784,” said Shelley Specchio, MIBOR CEO. These numbers prove there is a strong demand for housing and set the stage for a strong spring and summer selling season.

Year over Year data for April:

• Median sales price increased 13.1 percent to $237,500

• Average days on market decreased 47.2 percent to 19

• Current active listings decreased 54.6 percent to 1,825.

Should I buy now? We have been asked a few times as to whether or not now is a good time to buy a house with prices advancing so quickly. We don’t see the market slowing down any time soon, nor values reversing if and when it does. So YES, now is a good time to take advantage of prices where they stand today…versus tomorrow.  

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