October 2019 Real Estate Market Report
October 2019 Real Estate Market Report
The October 2019 Real Estate Market Report shows across the US, buyer demand is growing! They were out in full force this October, according to reports from ShowingTime, the app that coordinates the showing appointments for listings in many areas, including Indianapolis (MIBOR.)
In October, we saw current prices exceed the all-time highs of summer 2018. As well, this month posted the fifth highest monthly price ever and we have not seen a decline in the year over year prices in more than seven years, says Shelley Specchio, MIBOR CEO.
Buyer Demand High - Inventory Low
Buyer demand continues to outpace available inventory in Central Indiana. This results in a continued increase in the number of home sales and home prices for October.
The 16 counties included in the Metropolitan Indianapolis Board of REALTORS area have almost all had an uptick in measured metrics.
Local October 2019 Real Estate Market Report
Our local market area has some impressive statistics to report for this month, including month over month and year over year statistics. Take a look!
Pended Single Family Homes
| County | Oct 2018 | Oct 2019 | Year over Year % Change |
| Hamilton | 483 | 507 | 5.0% |
| Hancock | 100 | 126 | 13.5% |
| Madison | 140 | 157 | 12.1% |
Active Listings (Inventory)
| County | Oct 2018 | Oct 2019 | % Change |
| Hamilton | 1,344 | 1,298 | -3.4% |
| Hancock | 245 | 230 | -6.1% |
| Madison | 377 | 333 | -11.7% |
Median Sales Price
| County | Oct 2018 | Oct 2019 | % Change |
| Hamilton | $285,000 | $306,750 | 7.6% |
| Hancock | $190,000 | $207,000 | 8.9% |
| Madison | $108,200 | $137,000 | 26.6% |
Seems the October Real Estate Market report says that buyer’s are taking advantage of the historic low interest rates and continuing to hunt for their first or next home!
Smart sellers are taking advantage of this, too! With typically lower inventory in the fall and winter, they are enjoying less competition and capturing the buyers who are out there!
Are you ready to jump in while the gettin’ is good?
