ADDRESS

8915 S Keystone Ave Ste C
Indianapolis, IN 46227

PHONE

317-657-8059

The Indianapolis area real estate market is BOOMING! …and that’s why you should list now.

Folks, I know I sound like a broken record, but I have to keep putting this out there. If you are considering selling your home, right now is the time to put on the market.

I know, I know…you are sitting there thinking of course that is what he would say, he is a Realtor after all. I will give you that but not without pointing out what a tremendous sellers market we are in.

I was just going over MIBORs (Metropolitan Indianapolis Board of Realtors) year over year report for Mar of 2016 and the numbers are astounding. If you read this blog regularly you already know that central Indiana has been suffering from a low inventory of homes. Like a 20 year low for the number of total listings even with strong regional population growth.

Normally we would be looking at between 13 and 15000 listings on market right now. Well houses are selling so fast in the first quarter of this year, that even with a 2.3 increase in number of new listings over last year…we were sitting at just 10, 962 when this report published. That number since has climbed to a little over 11,500, but in terms of supply and demand this is still only a 4.8 month supply at the rate homes are currently selling.

What effect does that have for home sellers? Lets look at what the effect has been so far. Median home sales price in the MIBOR area rose 5.6% to $134,000 and 94.6% of all homes listed by a Realtor sold for at or above their asking price over the last year…and our inventory problem hadn’t even really reared its head until late January. This trend will continue until enough new homes come on the market, and with closed home sales up 11.1% over the same period last year…it is going to take a lot of new home construction in addition to people moving out of the region for that to happen anytime soon.

So if you like the idea of your home selling quickly and for top dollar…it is absolutely time to list your home.

So get off the fence and make the move you have been daydreaming about. Call me at 317-657-8059 or email robb@yourrealitylink.com to have me come out and sell your home for top dollar!

As always you can use my handy contact form if you prefer.

* indicates required field
Share this:

Follow me here!