Sales in the 46167 zip code market inched up to 16 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 25, which continues a determined upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. While the number of price reductions trended higher, months of inventory is on a four-week downward trend, this week hitting three months. The increase in sales and the low inventory drive home the fact that the 46167 zip code is a seller's market.
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