A clear decision framework when key details are missing
You're trying to decide whether to act now or wait, and the right answer depends on what you can verify. In Shelby, IN, supply was 2.56 months recently, so I make decisions using constraints we actually have, not wishful assumptions.
Here is the signal I build planning around for Shelby, IN supply was 2.56 months recently for residential homes. A typical asking price for active listings was $150,000 recently, and a typical estimated home value was $159,000 recently.
This changes your plan because you should not overfit a strategy to missing information. The typical time to sell, the typical closed sale price, and how close offers landed to asking were Not reported for this period. Some metrics were not reported for this period. Even with that limitation, low supply is a real constraint, and it affects how quickly good options can disappear and how carefully you need to set expectations.
If you're buying, keep your search tight define your non-negotiables, tour with urgency, and use the $150,000 typical asking level recently plus the $159,000 typical estimated value recently as your quick pricing gut-check before you write. If you're selling, commit to a list price you can defend against that same buyer comparison set, and be ready for a fast first week by lining up photos, access, and paperwork ahead of time. Either way, treat 2.56 months of supply recently as the guardrail you will win by being prepared, not by being reactive.
