As we move into August, it’s a great time to look back and analyze the real estate trends from July. The summer months have provided us with valuable insights into the Indiana housing market, revealing patterns that could influence your real estate decisions. Whether you’re planning to buy, sell, or simply keep an eye on the market, here’s a snapshot of how key Indiana counties performed in July, offering valuable insights into the trends that shaped the market last month.

Comparison Note: Percent change comparisons reflect results from June 2024 to July 2024 for the prior month, and from July 2023 to July 2024 for the prior year. Data provided by MIBOR Listing Cooperative, compiled on August 11, 2024.

Bartholomew County

In Bartholomew County, the median sales price has dipped to $254,900, marking a notable decline of 8.6% from last month and 9.3% from last year. This drop in prices might suggest a cooling market, but it's worth noting that the number of units sold has increased significantly by 33.7% compared to the previous month. This rise in sales could indicate that despite lower prices, buyers are actively seizing opportunities. The inventory levels remain stable with 157 active listings, while new listings have slightly decreased, down 8.9% from the prior month.

Boone County

Boone County is seeing a more complex picture. The median sales price of $394,000 represents a decrease of 7.3% from last month, though it’s only a slight drop of 2.5% year-over-year. The number of units sold has seen a 6.8% increase from last month, which might suggest that despite falling prices, the market remains dynamic and active. However, with new listings falling by 12.6%, the active inventory of 157 homes has slightly decreased. The consistent median days on market of 13 days may indicate that well-priced homes are still attracting buyers relatively quickly.

Brown County

Brown County is experiencing a significant drop in median sales prices, down 13.9% to $309,999. Despite this, units sold have increased by 21.1%, showing a positive trend in sales activity. The rising inventory levels, up 16.1%, might be contributing to this price reduction, providing buyers with more choices. The median days on market have decreased substantially, suggesting a faster-moving market despite the drop in prices.

Decatur County

Decatur County presents a different scenario with a dramatic 20.2% drop in median sales price to $210,000. However, the number of units sold has increased by 31.6%, which could indicate that lower prices are driving higher sales volumes. Inventory levels are down slightly, and with a decrease in new listings, the market might be adjusting to these price changes. The reduced median days on market to 11 days shows that homes are selling quicker in this lower-price bracket.

Hamilton County

Hamilton County’s market shows resilience with a median sales price of $464,950, up 3.0% from last month. The number of units sold has decreased slightly by 1.3%, but the increase in active inventory and new listings suggests a more balanced market. The median days on market have increased significantly to 11 days, which could be a sign that higher-priced homes are taking a bit longer to sell, possibly due to the higher inventory levels.

Hancock County

Hancock County is seeing a modest increase in median sales price to $326,750, up 1.3% from last month. Sales activity is strong with a 31.0% increase in units sold, indicating a vibrant market. Despite a slight decrease in new listings, the median days on market is stable, suggesting a healthy demand for homes in this area.

Hendricks County

In Hendricks County, the median sales price has remained relatively stable at $349,240, with a slight 0.2% decrease from last month. Sales have slightly decreased by 7.6%, yet the inventory remains manageable with a slight decrease in new listings. The increase in median days on market indicates that while homes are still selling, they may be taking a bit longer to find the right buyer.

Jackson County has experienced a 4.3% drop in median sales price to $225,000. Despite this, sales activity has increased by 7.9%, and the median days on market have decreased significantly. This suggests that lower prices might be stimulating buyer interest and quicker sales.

Jennings County

Jennings County’s median sales price has remained steady at $212,000, with no change from the previous month. However, the number of units sold has decreased, suggesting a potential softening in demand. The increase in active inventory and median days on market might indicate a shift toward a more buyer-friendly market.

Johnson County

Johnson County’s market shows a decrease in median sales price to $307,998, down 9.4% from last month. Despite this, sales activity remains strong with a decrease in median days on market, indicating that homes are still selling relatively quickly. New listings have slightly increased, suggesting a steady flow of new properties coming onto the market.

Madison County

Madison County is experiencing a strong market with a 36.4% increase in median sales price to $225,000. The number of units sold has also increased significantly, suggesting high buyer demand. The stable median days on market indicates that homes are selling at a consistent pace despite the rising prices.

Marion County

Marion County’s median sales price is $259,000, showing a slight decrease from last month but an increase from last year. The large number of units sold and the increase in active inventory suggest a robust and active market. The decrease in median days on market to 12 days indicates that homes are selling relatively quickly in this large and diverse market.

Montgomery County

Montgomery County shows a significant decrease in median sales price to $177,500, down 12.6%. Despite this, the number of units sold has increased, suggesting that lower prices are attracting more buyers. The decrease in median days on market indicates that homes are selling faster, likely due to the more attractive pricing.

Morgan County

Morgan County has seen a decrease in median sales price to $313,750, down 3.5%. However, sales activity remains strong, and the decrease in median days on market suggests a quick turnover for homes in this area. The increase in active inventory and new listings may offer more options for buyers.

Putnam County

In Putnam County, the median sales price has increased slightly to $259,000. However, the significant decrease in new listings and increase in active inventory suggest a market adjusting to changes. The longer median days on market may indicate that homes are taking a bit longer to sell.

Shelby County

Shelby County has seen an increase in median sales price to $272,500, with a 6.9% rise from last month. Despite a slight decrease in the number of units sold, the increase in median days on market suggests that while prices are rising, homes are taking longer to sell.

As you consider these insights, remember that local market conditions can vary widely. If you’re thinking about buying or selling, it’s always a good idea to consult with a local real estate expert who can provide personalized advice based on your specific needs and goals. Reach out to Indy’s leading brokerage, RE/MAX Advanced Realty, at 317-298-0961 (West Office) and   317-881-3700 (Greenwood Office)  to connect with experienced professionals who can help you navigate the current market trends and make informed decisions.

Success is a journey marked by dedication, hard work, and passion. As we reflect on the achievements of March, we take pride in extending our heartfelt congratulations to the outstanding efforts of our top performers at RE/MAX Advanced Realty. Let's shine the spotlight on these remarkable individuals who are turning dreams into keys! 🌟🏡

In March 2024, these agents went above and beyond, setting new standards of excellence and making significant strides in the real estate industry. Join us in celebrating their dedication, perseverance, and commitment to providing exceptional service to their clients. Here are our top producers for March:

As we celebrate the achievements of our top producers for March, we look forward to another month of setting new benchmarks and creating more success stories together. Here's to turning dreams into keys and making homeownership a reality for all! 🚀👏

Are you on the hunt for your dream home? Look no further! We have just released a stunning lineup of new listings for September 2023 that are sure to catch your eye. From spacious family homes to cozy condos, there's something for everyone in this selection. Let's dive into the details of these fantastic properties and see if your dream home awaits.

Thanksgiving is coming up this November 27. It’s a time when you enjoy each other's company, eat plenty of food and have a great time! In the spirit of Thanksgiving we should all be thinking of the wonderful gifts we have been given and express our gratitude in thoughts and actions. We are all aware of the traditional areas of thanks like; giving to those less fortunate, volunteering to help those in need, spreading words of kindness, supporting our troops, and expressing thanks for our good fortune. All of these are so very important in the realm of humanity.

We all love to know that we have something fun to look forward to over the holidays. So, start your planning now and extend the invitation to your friends, families or love ones ASAP! Sometimes, just anticipating the fun is as enjoyable as the real event. By giving a bit of your extra time and effort, you can bring a smile to anyone especially to those who are going through a rough time. You just might help to ease their "Thanksgiving Spirit."We at The Indy Home Pros Team at RE/MAX Advanced Realty greets you A Happy Thanksgiving Everyone!

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It is a well-accepted fact that real estate business is improving in the United States. Some states have been the favorite places for people to purchase a new home. Avon is one of them, where real estate business has not only improved but is taking new turns that are attracting people from all over the world.

Nowadays, new builders are focusing on to build new and innovative homes for people, who love areas in Avon. The best part about these new and innovative Indianapolis homes is the interior and exterior designing. New designs have been approved with innovative interior and exterior designs. The fact that people are attracting towards these homes is because of the immaculate interior and exterior designing and the overall architect of the houses.

Well, if you are one of those, who have decided to purchase a home for your family in one of your favorite areas in Avon, you would definitely love to visit the following builders to construct an innovative house:

1.       Beazer Homes:

Where every new builder in Avon is trying to lead the real estate market, “Beazer Homes” has already made their place by offering new and innovative homes to its customers in different areas of Avon.

The average price of houses in Avon under the tag of “Beazer Homes” is from $199,940/50 to $350,500/800. This is; on the other hand, an estimated price that is currently on record in the marketplace. The price may vary from area to area and house to house. It totally depends upon the locality and the design of the house that you are looking for. Nevertheless, if you are going to have conversation with Beazer Homes, you will definitely get a nice deal.

2.       M/I Homes:

Each and every time you are about to discuss new designs and new dealers in Avon, you will definitely hear the name of M/I Homes. M/I Homes have been offering new and innovative houses for sale not only to locals but visitors from all over the world.

The average price of houses going on in the market under the tag of “M/I Homes” is from $175,500/900 to $225,000/500. This is an average estimated price of houses under the tag of M/I Homes. The real price always fluctuates on daily basis and depends again on the area and the architecture of the new houses in Avon. 

Mibor released today its 1st quarter foreclosure report.  The report showed that foreclosed homes make up 24.8 percent of all closed sales in Central Indiana.  The report showed that its actually down from same timeframe last year down from 27.3 percent.  The report also mentions that most foreclosures in Indianapolis are at the 120000 price point and below.