Home prices are increasing and inventory is decreasing. Buyers are looking and aren’t finding much to choose from. If you were waiting to sell your home, now is the time!
Charlie Young, president and CEO of ERA Real Estate, says that several factors in the housing market point to a growing trend of relocation in the new year. More people may be prompted to relocate to areas that offer better costs of living, making 2014 the “year of the big move,” he says.
Excerpt from RealtorMag online, read the factors at this link…Prediction: 2014 the ‘Year of the Big Move’
Buying or selling? That’s our specialty!
Investing? We can help connect you with a property management company!
Remodeling? We can help you determine which projects will payoff and help you find a contractor!
Homestead Exemptions save you the most on your property taxes, so be sure these are filed by the deadline or you will have to wait until next year for taxes to be lowered! If you purchased a home this year, you must have all paperwork recorded and exemptions filed by:
Marion County: Tuesday, December 31, 2013
Hamilton County: Tuesday, December 31, 2013
Bartholomew County: Monday, January 6, 2014
Boone County: Monday, January 6,2014
Hancock County: Monday, January 6, 2014
Hendricks County: Monday, January 6, 2014
Johnson County: Monday, January 6, 2014
Local Market Review: Third Quarter Data Signals Continued Progress in Housing Market
Third quarter 2013 housing data released by MIBOR today shows continued strong sales and price activity coupled with a slow in pending sales. Closed sales activity is still strong in the double digits, however the rate of increase tapered off in September and the third quarter from the hot early quarters of 2013. According to the MIBOR Monthly Indicators Report, the number of closed sales in central Indiana increased 21 percent in the third quarter compared to the same period of 2012. Closed sales rose 13.3 percent in September alone when compared to September of last year. Pending sales slowed more by increasing by 8 percent for the month of September and 11.1 percent in the quarterly comparison. To balance that, the much-watched new listings figure keeps climbing. New listings increased by 18.4 percent in September and 17.6 percent for the quarter ending in September.
Prices maintain a steady climb with median sales price up 6.5 percent for the quarter, and up 3.8 for the month of September. Average sales increased 4.9 percent in September and 4.4 percent for the quarter ending in September. The current average sales price in central Indiana is $167,430; median sales price is $135,000. Months of inventory stands similar to the last few months at 5.5 months.
All Information from the Metropolitan Indianapolis Board of Realtors.
All this indicates it is good time to sell or buy! What do you think?