The housing market in June showed an increase in the number of transactions compared to May across many submarkets in the Hoosier state. Carmel, Westfield, Zionsville and Washington Township in Indianapolis all saw at least 15% higher numbers of transactions month over month. In other parts of the state, including NE Indiana Lakes, and NW Indiana Lakes, the same theme occurred with 66.7% and 17% increases compared to May, respectively.
The average sales price remained consistent in many markets, with a few exceptions including Downtown Indianapolis where prices decreased from $459,943 in May to $393,266 in June, while the NE Lakes jumped up from $398,332 to $544,453. The average sales prices for Indiana markets show a variety of price points differing by location for buyers, including Zionsville ($699,993), Carmel ($638,035), Fishers ($461,028), and Fort Wayne ($258,862), to name a few.
The average days on market showed consistency throughout many communities from the previous month, barring few exceptions like Downtown Indianapolis showing decreased days on market by 18.2% and the luxury market ($1M+) cutting down from 23 to 16 days.
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The Art of Distinction Blog by Encore Sotheby's International Realty 