There were 5,528 Indianapolis houses for sale in January, 2.4 percent fewer, compared to the previous month’s total of 5,662. More importantly, this represents a 17-percent decrease versus January’s total of 6,660. This is a very positive direction for a market that suffers from an excess of inventory. Finally, the Indianapolis real estate market saw a 15.7-percent reduction in the average number of listings per month from November of 2011 through January of this year compared to this same quarter 1 year ago in Indianapolis Indiana, or 5,790 versus 6,868 respectively.
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