The market in Central Indiana has a couple interesting things happening to report this month, both of which are positive news for home owners. Inventory continues to decline vs the number of buyers. This means that the ratio of homes on the market per the number of buyers purchasing is becoming smaller, resulting in more competition for homes on the market.
Also, it should be noted that the F. C. Tucker Company, with whom I am associated, had it’s second best October in company history for the number of listed homes sold and number of buyers represented…just barely missing the record set in October 2003. This shows the gathering strength of the market and is a strong indicator of just what is happening now in central Indiana.
For more in-depth analysis, charts and graphs, with real market statistics, take a look at my latest Market Watch Newsletter for this month.
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