Data shows Indiana's housing market is cooling, here's advice if you plan to buy or sell

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New market numbers show the playing field is being leveled for buyers and sellers.

Many times during the past year, buying a home meant quick action and often times no inspection.In the past year, Central Indiana's housing inventory increased by roughly 80%.

There has been an increase in the price of homes sold in the past year. FC Tucker data show the average November home sale price for the central Indiana region was nearly $311,000. That's an increase of nearly 8% compared to last November. · Jennings County pended sales had the greatest decrease with 53.8% fewer homes sold in November 2022 compared to this time last year.· Morgan County recorded the highest average year-to-date home sale price increase at 56.%.· Homes sold in 19 days on average, which is 5.6% slower than in 2021. Hamilton County homes left the market 11.1%, or two days, more quickly than in 2021 – selling the fastest in the 16-county central Indiana area.

 

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