When looking at the end of year housing data, REALTORS® agree, sellers should not wait until the spring season to start their process.
Roger Lundy, 2016 MIBOR REALTOR® Association president explained, “Across the region prices were strong all year, but didn’t rise fast enough to hamper buyers. That provides a really solid market for potential spring sellers to get going now. Since inventory is still very low, sellers have the upper hand.”
Housing data released by MIBOR last week showed a strong December to close out 2015. Encouraging growth in Pending and Closed Sales in the region made for an atypical winter month, due in part to a mix of eager buyers and welcome mild weather. In December, Pending Sales grew 19.3 percent for the month while Closed Sales increased 11.5 percent compared to December, 2014.
New Listings in central Indiana increased only slightly by 0.1 percent for the month, further evidence that sellers are in a great position to get started now.