Happy March!!! While we were certainly hoping that the weather would be more conducive to spring, we are holding out hope that Mother Nature will release her winter grasp and allow warmer temperatures to find their way back to Indy. As you probably know, we have unfortunately surpassed an all-time record for most snow this season. That is not a record we were looking forward to breaking. Like you, we have hit our limit on winter and are experiencing spring fever like never before.
Speaking of spring fever, the real estate market has already started to heat up, however the weather has certainly put a damper on activity. Check out the following stats:
• New listings-DOWN 23.9%
• Pending sales-DOWN 22.6%
• Closed sales-DOWN 13.8%
• Median sales price-UP 4.8%
• % of original list price to sales price-UP 3.1%
• Total active listings available at month end-DOWN 6.7%
• Months supply of inventory-DOWN 19.3% to 4.4 months
As you can see, houses are appreciating nicely, inventory is WAY down and the terrible winter has most definitely impacted activity. What this means is that in many cases, houses are selling in DAYS, with multiple offers for at or above listing price! Quite frankly, we are desperately in need of inventory, as you can see from the statistics above. Buyers have very few options from which to choose, and we speak from experience when we say, we don't have enough houses to show our many buyer clients. When buyers find a house they like, many times it has already accepted an offer or will very soon. Buyers don't have the luxury to think about whether to make an offer. If they like a house they see, they need to make an offer immediately or risk losing the house. It is an exciting market for sellers, but extremely nerve-wracking for buyers and their agents.
If you are considering selling your house this year, please do yourself a favor and give us a call so we can share with you specific information so you can make an informed decision about whether putting your house on the market now is right for you. In many cases, it is. Interest rates are predicted to keep rising, so the sooner you lock in a low rate, the better.
On another note, have you checked out our BRAND NEW website? Check us out and let us know what you think. Please visit www.Welcome2Indy.com. It is updated, sleeker, has more information, and better searches.
Finally, we are so proud, once again to have been awarded by you, our clients for the 3rd year in a row as a Five-Star Real Estate Professional!! Check us out in the May edition of Indianapolis Monthly magazine. This coveted award is only bestowed to the top 7% of all real estate agents in Indy based on surveys of clients for quality service. On top of that, we have been fortunate to maintain our 'A' rating on Angie's List and have been nominated for Pages of Happiness and the Super Service Award. We couldn't be happier and more grateful to you, our loyal clients. THANK YOU!!
We hope you have a great St. Patrick's Day & Mardi Gras. Come on spring!!!
Click here to read our March Newsletter.
Click here to access our exclusive coupons & discounts.
Steve & Jack Rupp
Speaking of spring fever, the real estate market has already started to heat up, however the weather has certainly put a damper on activity. Check out the following stats:
• New listings-DOWN 23.9%
• Pending sales-DOWN 22.6%
• Closed sales-DOWN 13.8%
• Median sales price-UP 4.8%
• % of original list price to sales price-UP 3.1%
• Total active listings available at month end-DOWN 6.7%
• Months supply of inventory-DOWN 19.3% to 4.4 months
As you can see, houses are appreciating nicely, inventory is WAY down and the terrible winter has most definitely impacted activity. What this means is that in many cases, houses are selling in DAYS, with multiple offers for at or above listing price! Quite frankly, we are desperately in need of inventory, as you can see from the statistics above. Buyers have very few options from which to choose, and we speak from experience when we say, we don't have enough houses to show our many buyer clients. When buyers find a house they like, many times it has already accepted an offer or will very soon. Buyers don't have the luxury to think about whether to make an offer. If they like a house they see, they need to make an offer immediately or risk losing the house. It is an exciting market for sellers, but extremely nerve-wracking for buyers and their agents.
If you are considering selling your house this year, please do yourself a favor and give us a call so we can share with you specific information so you can make an informed decision about whether putting your house on the market now is right for you. In many cases, it is. Interest rates are predicted to keep rising, so the sooner you lock in a low rate, the better.
On another note, have you checked out our BRAND NEW website? Check us out and let us know what you think. Please visit www.Welcome2Indy.com. It is updated, sleeker, has more information, and better searches.
Finally, we are so proud, once again to have been awarded by you, our clients for the 3rd year in a row as a Five-Star Real Estate Professional!! Check us out in the May edition of Indianapolis Monthly magazine. This coveted award is only bestowed to the top 7% of all real estate agents in Indy based on surveys of clients for quality service. On top of that, we have been fortunate to maintain our 'A' rating on Angie's List and have been nominated for Pages of Happiness and the Super Service Award. We couldn't be happier and more grateful to you, our loyal clients. THANK YOU!!
We hope you have a great St. Patrick's Day & Mardi Gras. Come on spring!!!
Click here to read our March Newsletter.
Click here to access our exclusive coupons & discounts.
Steve & Jack Rupp
