2 More Houses Sold this Week!
My post over the weekend mentioned that smart buyers are out looking at houses. There seems to be very strong demand out there on the part of new home purchasers– in spite of the snow and cold. We are curious if this will turn into a longer term trend in our Indianapolis real estate market.
FYI, a Buyers Market (what we are experiencing right now) is defined as a market in which the supply of houses available for sale exceeds a 6 months supply of homes.
A Balanced Market is a 4 to 6 month supply of homes for sale and,
Sellers Market is less than a 4 month supply of homes.