March 2023 | Market Report

March 2023 | Market Report

  • Matt McLaughlin
  • 04/18/23

Better late than never! These first few weeks of April have had us busy, busy, busy. I think it is safe to assume the Spring market is upon us. And it may have started to heat up a bit at the end of March too.

In looking at the data from March, average sales prices in many of the sub-markets we reviewed continue to rise. Time on market, however, looks to be trending slower this month, some by triple-digit percentages. Since we are looking at this data so far into April, our experience to date this month has been a faster market, with 5 of 6 listings last week selling in 24 hours. We’ll have to see what the April numbers tell us at month's end.

In the meantime, if you have questions about your home’s value and how this market may impact your residential real estate decisions, Call Matt!

 

DATA COLLECTED 04/18/2023 FROM MIBOR
DATES REVIEWED: 03/01/2023-03/31/2023

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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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