We have now made it halfway through March and have good stats for how the real estate market in Greene County performed in February. The winter months are typically among the slowest months in real estate and things usually begin to pick up as we enter spring. I can say that this seems to be holding true because personally, I have seen a drastic increase in my business.
All of these stats are from the Indiana Regional MLS system and are pulled for Greene County.
For February, 21 homes were sold. This is up from January when 18 homes were sold. February is a slower month, so I think seeing it hold fairly steady is a sign that the market is fairly stable for right now.
The biggest change though from January of this year to February of this year is the average sales price decreased drastically from an average of $196,583 in January to an average of $128,059 in February. The biggest factor that affected this was just what homes were available on the market.
This was down from January when homes sold for 97.49% of what they were listed for.
In January, the average days on market for sold properties was 86 days. In February the days on market for sold properties decreased to 63 days.
As of March 16, the current average 30-year fixed mortgage rate is 6.97% per bankrate. I believe this higher interest rate is a major factor in the market slowing and prices decreasing slightly.
Overall, I think the real estate market in Greene County is healthy. Inventory has remained low and I personally have several buyers looking for homes in Greene County right now. There are still many positives for both buyers and sellers. If you would like more insight on the market conditions or have any questions about home buying or selling, feel free to call or text me at 812-798-0204.