Indiana Real Estate in April: Sales Up 17% YoY, Inventory Down 53% YoY

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.  Remember sales were weak in April 2020 due to the pandemic, so the YoY sales comparison is easy. 

For for the entire state Indiana:

Closed sales in April 2021 were 7,757, up 16.6% from 6,652 in April 2020.

Active Listings in April 2021 were 6,253, down 53.1% from 13,332 in April 2020.

Months of Supply was 0.8 Months in April 2021, compared to 1.8 Months in April 2020.

Inventory in April was up 6.0% from last month.