New housing data released this week for central Indiana paints a great picture for a strong year in housing. Closed sales, pending sales and median and average sale prices were all up in January compared to January of 2015. In fact, closed sales rose 8.2 percent for the month; a month not known for great housing activity in our cold weather market.
Pending sales increased 12.3 percent and this is a key data point because it means that February and March ought to be strong as well. Typically, all those pending sales become closed in the next 30 to 45 days.
Looking at the data, local REALTORS® say it means one thing – if you are thinking of selling, now is the time. Why?
- Buyers are clearly eager
- Inventory is at an all-time low which means your property will be attention
- Interest rates are still low mean your potential buyer has more buying power
Beat the spring rush to market by listing your home now. If you are thinking about selling now, in the spring or even early summer, meet with your REALTOR® now to begin the process. And good luck, happy selling!