The March 2021 Real Estate Market Report for Indianapolis and surrounding communities is ready! Check out your area to see how the market compares to March 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 March 2021
It’s an interesting year in real estate! As you can see by the even lower days on market, homes are selling very quickly. The number of homes sold is actually down slightly — but that is only because there are fewer homes available to sell. We continue to offer “out of the box” strategies to help both our buyers and sellers win. Here are some of the highlights for March in popular Indianapolis areas and surrounding communities.
Highest Median Sold Price: Carmel $462,000 (5% increase over last month and 17.7% higher than last March)
Largest Price Increase: Franklin Indiana had the larges price increase up 19.6% compared to February 2020
Lowest Inventory: Brownsburg continues to have the lowest inventory with 5 active listings and 0.1 months supply
Most Affordable: Perry Township prices went up 1.5% in March but they still remain the most affordable with a median sold price of $192,777
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. See how trusted financial expert Dave Ramsey answered this same question on his recent podcast.
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. How can we help you?