The April 2021 Real Estate Market Report for Indianapolis and surrounding communities is ready! Check out your area to see how the market compares to April of last year. Click “full screen” on image below to check out all the details in an easy to read format. Be sure to reach out if you have any questions or would like statistics for a different area!
Our Thoughts on April 2021
The market is not slowing down! As seen by the continued low days on market, homes are still selling very quickly. The number of new listings increased slightly, which led to increases in sales. All areas, with the exception of downtown, still have less than a one months supply which means its a very strong sellers Market with most properties selling in a few days with multiple offers. We offer “out of the box” strategies to help both our buyers and sellers win in this crazy market. Here are some of the highlights for April in popular Indianapolis areas and surrounding communities.
Highest Median Sales Price: Carmel continues to hold this distinction with a median sales price of $462,000 (.6% increase over last month and 17.6% higher than last March)
Largest Price Increase: Franklin Indiana had the larges price increase up 17.8% compared to February 2020.
Lowest Inventory: Franklin also has the lowest inventory with only 8 active listings
Most Affordable: Perry Township prices actually decreased 2.3% in April and still remain the most affordable with a median sales price of $190,000
Buyers – Should You Stay on the Sidelines?
Is it the right time to buy? What if you need to sell and buy? Don’t step out of the market. Rates are still low and you will be getting a great price on the home you are selling. We are not expecting pricing to go down anytime soon, however rates are starting to inch up. If you wait, you will most likely pay more for your next home. Last month we shared how trusted financial expert Dave Ramsey answered this same question on his recent podcast. This month we are including a great video comparing the cost of purchasing in 2021 vs the projected costs in 2022.
Winning Strategies
The Hoagland Group offers unique strategies for buyers and sellers that work in this fast paced market. We are helping more buyers win their dream homes and more sellers increase the odds of receiving multiple offers, ensuring the highest possible sales price and best terms. Transitioning between 2 homes continues to be the biggest challenge and we have multiple strategies for this too, including partnering with lenders who offer special financing programs to assist with this. Contact us for more details on how we can help you accomplish your real estate goals.