Indianapolis Real Estate - February 2008

The Indianapolis real estate market statistics for February 2008 are either depressing if you are a seller or lick your chops exciting if you are a buyer. Here is a quick snapshot of what happened on the Indianapolis real estate market in February 2008:

The number of homes sold, average selling price, and average price per square foot are all down by pretty big numbers while the average days on the market is up. The only goods news I can glean from this report is that inventory does not seem to be skyrocketing and remains at a sustainable 7.41 months supply of homes. All that being said; Indianapolis homes do still sell if they are in great shape and priced aggressively.

What does all this mean?

If you are a seller, this means you really need to price your home aggressively and make sure it is in tip top shape and you can and will sell your home. If you are a buyer, this means you will have plenty of homes to choose from and you can get a great deal on home right now.

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