Home sales in the 46161 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 33.3% to two homes sold over the last 30 days. On the other hand, the close-by 46140 zip code registered 62 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 46161 zip code, and this period the median price of all sales fell from $110,000 to $68,950. With decreasing sales and the availability of eight months of inventory, the 46161 zip code is a definite buyer's market.
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