Real estate update: Geist


Commentary by Karen Tanner and Annie Schweiger

The summer market has arrived. There is still an abundance of buyers, but the limited inventory has constrained sales. Homes are still selling rapidly and current market conditions are favoring sellers heavily. The aggressive market has caused properties to move rather quickly, with an average of 42 days on market. Sold properties are down 19.6 percent from this time last year, but up 12.6 percent from last month, with the median list price being $244,000. Sellers are getting 97 percent of list price in this market. If you’ve been thinking about selling, now is the time!

Karen Tanner and Annie Schweiger are brokers with Bonwell Tanner Group. They have a combined industry experience of 14 years. Bonwell Tanner is a full-time, full-service Real Estate team. For more, call 317-361-6333.


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