June 2020 shows us the median home price has risen by 6% to $228,000 and price per square foot has also risen by 2% to $116. As was the case with Hamilton and Marion County, the number of homes sold is up significantly to 128 which is a 30.6% increase which is fantastic. New listings are up 21.6% to 169. Unlike Hamilton and Marion County, the active inventory is up 9.9% to 133 listings. The average days a house stays on the market is 38 which is up 33.4%.
So what does all of this mean to someone looking to buy or sell a home in Hancock County? For sellers, it means a bit more competition and homes may not sell overnight but don’t be fooled there will be buyers wanting to see your home. For buyers, if you are serious about looking, it means making time to look at homes this week, or as soon as your calendar permits. Although houses are not moving quite as fast as in Hamilton or Marion County, real estate is still moving pretty quickly. Especially with school right around the corner, people will be looking to complete their transactions so they can get settled.
Let me know how I can address your thoughts or questions. If Hancock County is not your current and/or your targeted location, let me know and I can share the specifics of your preference around the Central Indiana area. Next week, I will review the real estate market for Hendricks County.
Tim Houterloot – Broker/Realtor