Buying

Thinking About Selling Your Home This Spring? Here’s Why That’s a Great Idea

Spring is officially here, and it’s generally a great opportunity to sell your home when the warmer weather comes around.

A recent article from realtor.com outlined key reasons this 2023 spring season is specifically a great time to sell your home, including:

  • Inventory is at historic lows. The fewer homes there are on the market, the more competition there is for those homes, and right now, inventory is at a serious low. According to the article, about half as many homes are for sale today as before the pandemic. CLICK HERE for the Latest Housing Market Numbers here in Indy 
  • Spring is a popular time for home buyers. Spring is historically one of the most popular times for home buyers. Not only is the weather nicer, but finding and buying a home in the spring often means a move in the summer, which is ideal for buyers with children, so they don’t have to move during the school year. So what will it take to prepare your house to sell? Schedule a Hassle-Free “No Strings Attached” Room by Room Analysis What does this mean…. that I walk your property (inside and out) and give my two cents on repairs/improvements that could be done to yield a quick home sale as well as sell for the most $$$.
  • Home prices are still on the rise. Naturally, you want to sell your home for as much as possible, and it’s looking like this spring is a good time to make that happen. While median home prices aren’t at their all-time high — according to the article, that was in June 2022, when the median price in the US hit $450,000 — they are still on the rise, increasing from $406,000 in January to $424,000 in March. So, if you want to take advantage of the upward trajectory, now is a good time to list. CLICK HERE for the Latest Housing Market Numbers here in Indy 

Call me at (317) 625-0655 to hear what is happening here in Indy and, more specifically, what I can do for you!!

Housing Market Numbers Just Released for March 2023

Housing data released by MIBOR for March 2023 are in, and the Spring Real Estate Market in Indiana’s 16 central counties has sprung! So Schedule your FREE 12-minute Consult with me Today!

March 2023 Highlights Include :

  • Closed sales are up from 1,878 —> 2,652
  • No change in Price – hovering at 275K
  • New listings are up from 2,209 —> 2,974
  • Average Days on the Market is down from 53  —> 49
  • Active Inventory is down from 3,528 —> 2,944

What’s ahead in March for Homebuyers?

The Indiana Association of Realtors (IAR) just released its February Housing Market Report

  • Statewide home sales jumped 17% from January to total 4,895
  • New Listings gained 2% from the previous month
  • Sales price grew to 7% though homebuyers were able to take advantage of a more BALANCED MARKET to close sales at 95% of original listing price

  • Pending sales have been stable from January to February. Rising mortgage rates continue to threaten buyers back to the sidelines
  • As I have been saying for months, Indiana continues to outperform national sales trends. The population growth and economic development activity have been encouraging in driving demand for housing here