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It is a great time to buy!

Posted by kim carpenter on May 22, 2012
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If you are on the fence about whether this is a good time to buy a home, these illustrations might change your mind!

Rates haven’t been this low in over 30 years!

Think renting is cheaper than buying?  You might want to think again…..

With rates at historic lows, even with the increase in home prices, it cost less to buy a home now

than 30 years ago!

The Indiana housing market is heating up!! Let the statistics speak for themselves!

(INDIANAPOLIS, IN) – REALTORS® today released their monthly Indiana Real Estate Markets Report, which showed that statewide, when comparing April 2012 to April 2011:

• The number of closed home sales increased 13 percent to 5,568;
• The median sale price of those homes increased 2.7 percent to $116,000;
• The average sale price increased 3.5 percent to $137,533;
• The number of pending home sales increased 11.8 percent to 6,101;
• The number of new listings increased 2.3 percent to 11,340; and
• The percent of original list price received increased 0.1 percent to 90.7 percent.

“April was one of the best months the statewide housing market has seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®. “And members are confident the next few months of the traditional selling season will follow this positive trend so long as Hoosiers are working.

“Going forward, we will be closely watching the activity related to the percent of original list price received at sale and inventory of homes for sale,” continued Berron. “Favorable supply-demand trends may finally be ticking toward sellers, though with still historically low interest rates, qualified buyers have a great market in which to make an investment.”

Want additional information on your area?  Give me a call, 317-509-4000, I will be happy to help!

Creating friendships, one home at a time!

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