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Just Released: Local Market Update | April 2022

Housing data released by the MIBOR BLC® comparing April 2021 to April 2022 shows:

An increase in Median Sales Price of 15.5 percent to $275,000
A decrease in Closed Sales of 3.6 percent to 2,987
New Listings decreased 5.8 percent to 3,870

This data is proof that although inventory is still low, demand remains high. In this market, things are moving quickly, and Buyers and Sellers need an Experienced Agent to guide them through these times. Unfortunately, You don’t know what you don’t know. Don’t be fooled by a “fast talker.”

EXPERIENCE DOES MATTER.

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Is the Housing Inventory About to Rise?

I am not telling you anything new. Housing inventory has been at a record low. Of course, that’s been great for homeowners who want to sell HIGH. Though for the Buyer, it has been challenging to view affordably-priced properties.

I believe A SHIFT IS ON THE HORIZON. Here’s what I am seeing :

Accordingly to a survey of prospective sellers, about two-thirds of homeowners who plan to sell their home this year expect to list by the end of the summer
For many people, life has now returned to normal. As a result, we are seeing a more traditional 2022 busy season, in which home inventory surges during late spring and summer
At the same time, as sellers are preparing to list their properties; buyers are beginning to explore non-traditional lending options to deal with the increased mortgage rates
And lastly, More homes are being built

Give me a call at (317) 625-0655 to talk through your specifics. It is possible to get you in a new home this year!

Myths About Today’s Housing Market

Having an experienced agent (who has walked in the shoes of an appraiser, an inspector, and even a contractor) in your corner can save you precious time and help guide you in making your home purchase a reality. So let me help you separate Fact from Fiction in Today’s Housing Market. Schedule a FREE 12-minute Consult with me NOW