August 2023 | Market Review

August 2023 | Market Review

  • Matt McLaughlin
  • 09/20/23

August is always an atypical month in real estate given many local factors – back to school, continued rising temps, vacations, and more. After reviewing several local markets, we continue to see a contraction in the number of homes sold this month as compared to August 2022. Additionally, nearly all of these markets continued to rise in price – with many areas rising by double-digit percent when compared to 2022. While homes are not selling as quickly as before, it’s safe to say most homes are still selling on average at or less than one month's time. Historically speaking, this is still pretty fast!

If you have questions about your home’s value or if now is the time to buy, Call Matt. His decades of experience and a qualified team of professionals are ready to assist you.

DATA COLLECTED 9/19/2023 FROM MIBOR BLC
DATES REVIEWED 8/1/2023-8/31/2023

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Matt McLaughlin & Associates is well-versed in the value of real estate in and around Indianapolis. They recognize that purchasing or selling a home is one of life's most significant transactions. The team places a high value on maintaining open channels of communication and maintaining strict confidentiality at all times. To handle your real estate needs, contact the Team.

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