Meridian Hills Real Estate Market Continues Weakness in Price Cuts

This week in the Meridian Hills market, sales fell to five homes sold over the last 30 days, coinciding with a new downward trend in price reductions, with eight in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price jumped to $926,475, and there are a fairly average four months of inventory left to be sold.

Being aware of new listings is a great exercise in finding the right home so take a look at these in Meridian Hills:

$399K   $485K   $449K  

Get started right now by checking out Meridian Hills homes for sale or reviewing Meridian Hills real estate trends.

Demographic facts for Meridian Hills:

  • 53 years old is the median age of all the homes in the area.
  • The area gets 16.3 inches of snow a year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 53. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $5,458. ($5,691 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
The Vearus Group
1 review
Berkshire Hathaway Home Services Indiana Realty
Snapped 4 homes in this area

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