JULY 2023 | MARKET REPORT

JULY 2023 | MARKET REPORT

  • Matt McLaughlin
  • 08/14/23

The last 45 days have been busy, and we are late to get July numbers out! In reviewing the neighborhoods and communities as we have in the past, we see a contraction in transactions, a slowing of the timeline of sales, and an increase in sales price in nearly every market. Meridian Kessler remains an outlier with an 18% increase in transactions, an 11% increase in average sales price, and homes selling on average 2 days faster than last year. For most buyers’ agents, the inventory feels more constrained than the current numbers. We still have many buyers seeking homes.

If you are considering the sale of your home this year, please Call Matt. With decades of experience, he is best equipped to help you sell or purchase your home.

 

 

Data Collected 8/21/2023 from MIBOR BLC
Dates Reviewed 7/1/2023-7/31/2023

Work With Us

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.

Follow Us On Instagram