As most of you know, the 2015 Indianapolis market was a strong seller’s market and last year was my best year in real estate. Once you look at the statistics, I think you will see why.
In 2015, there were 2,077 homes sold in the Fishers. This was an increase of 8% over 2014 sales. The average sales price in Fishers increased more than 3.3% in 2015. The past two years, the average sales price in Fishers has increased more than 10%. Clearly, a seller’s market! In the past, I typically worked with more buyers than sellers, but this year almost 66% of my business came from sellers. The trend started and people trusted me to sell their home.As of 1/17/16, Fishers has 300 properties actively on the market. This is much lower than previous months. To date (1/17) 47% fewer homes have closed this year compared to the same time frame in 2015. Of course, there are also fewer homes on the market.
While these numbers may not be definitive enough to make any predictions for 2016, many of the experts are stating our market is starting to shift. One of the expert analytical firms, Insightisticsrecently reported the Indianapolis HEAT Index (Housing Experts Anticipating Trends) at 50 (on a scale of 1-100) which means we are moving toward a buyer’s market.
However, don’t despair. It is not too late to take advantage of this market. With fewer homes available to our eager, qualified buyers, now is the time to take advantage of the increase in sales prices. If you are even thinking about selling your home, or know someone who is, I would love to talk with you. If you are reading this email, you know I am a dedicated real estate agent who is reliable and responsive. I will guide you or your friends and family through the process with skill and expertise. Call me today….you really can’t afford to wait!