1st Half 2024 Market Recap

🏡 Curious about the Tippecanoe County real estate market? 📈 Join us as we delve into the latest insights on home inventory and market trends! 📊 In this video, we break down the numbers from the past four years to give you a clear picture of what's happening in July.
For the first four weeks of July:
📅 July 2024: Active listings - 167
📅 July 2023: Active listings - 145
📅 July 2022: Active listings - 207
📅 July 2021: Active listings - 174
Despite the chatter, the current inventory is only the second highest since 2021's first week of July. In the first half of 2024, 865 homes have sold, with prices ranging from a rehabbed estate at $72,500 to a luxurious ranch at $955,000. The average days on market? Just 23 days!
Statewide, nearly 40% of homes listed in early June saw price reductions, while mortgage rates have recently dropped significantly. Although days on market are increasing, average sales prices continue to climb, reflecting sustained demand amidst low housing inventory.
Join us as we explore what the second half of the year might hold for Tippecanoe County's real estate market. 📆 Don't forget to like, comment, and subscribe for more updates! 🛎️ #TippecanoeRealEstate #MarketTrends #HousingInventory #RealEstateAnalysis #HomeBuyingTips #MortgageRates #RealEstateNews
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Brought to you by:
Stacy Grove
The Russell Company
2522 Covington St.
West Lafayette, IN 47906
765-427-7000
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