For the entire state of Indiana, the median sales price increased 3.2% over the past year.
Number of new listings increased 0.6% over the past year, but the total inventory of homes for sale actually decreased 8.8%.
On average, sellers are getting about 94% of their list price in the sale of their home.
Marion county, however, increased across the board!
There were 10.7% more closed home sales so far this year.
And the median sales price increased 4.3% so far this year. (Source: www.indianarealtors.com)
What does this mean for you...the buyer or seller?
Now is a great time to put your home on the market! Buyers are out there, eager for nice homes in good condition! And your chance of making it to closing are greater than in the recent past, since the buyers that are looking, are for the most part, serious about buying.
Sellers: If you price your house right (look at comparable sales yourself and/or discuss with your realtor), you stand a great chance of selling for your asking price, or very close to it!
Contact me today to discuss your options and get a free market analysis on your current home!