Welcome to 2006!! Industry experts are predicting the real estate market will continue to be strong again this year making for happy buyers and sellers. Our spring market usually starts around the beginning of February, weather permitting. Indianapolis real estate should be expanding around then allowing buyers to find more options and sellers more buyers for their homes.
In the Indianapolis-area, our listings sell for approximately 97-98.5% of the last listed price, so there isn't a lot of negotiating of prices here. If a home isn't priced well, it will sit for a long period of time.
During the winter months, sellers usually take their homes off the market, wait until spring to put their home on the market, or just hunker down without much expectation of garnering a sale until springtime. This can really work to the buyer's advantage equating to a 1% or so price reduction the seller is usually willing to give to get the house sold versus hold onto it until the spring market. However, there is much less inventory from which to choose as well. Always a double-edged sword.
Feel free to e-mail me with any questions about the Indianapolis, Fishers, Carmel, Noblesville, Westfield, or Zionsville markets. We work those areas exclusively and are happy to educate you on the areas and real estate in general.
Make it a great 2006!
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