Indianapolis Real estate Market Stays Strong In spite of Covid 19

[Mike D'Arrigo]

Indianapolis median home prices rose 8.5% in May YOY. Although the number of closed sales dropped 23.3% prices continued to rise. This is due to the continuing shortage of inventory which is being seen in many markets. 

The table below is from the MIBOR Realtor Association and gives a good snapshot on what is happening in the market. 

Here are some of the key highlights:

* Median sale price is up year on year

* Closed sales are down significantly

* Homes are still selling quickly

* Sellers are not having to drop prices

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