Spring Housing Market Boost in Central Indiana
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Spring brings renewed interest to central Indianas housing market, with Januarys median sales price reaching $300,000 across 17 counties. New construction homes now average $390,000. Inventory levels have risen by 18% from last year, with homes staying on the market for an average of 69 days. Buyers are favoring walkable neighborhoods with mixed-use developments. Lower interest rates may attract more buyers, potentially heating up the market as spring progresses. A typical monthly payment for a median-priced home ranges from $2,125 to $2,200, including property taxes, mortgage insurance, and homeowners insurance.
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