If you’re in the market to buy or sell a home, or if you’re thinking about getting into the market but aren’t sure if now’s a good time, you need to familiarize yourself with Indiana housing market and real estate trends for 2019. At The Jana Caudill Team, our Indiana realtors can answer your questions about the market, what’s hot, and whether or not it’s a good time to buy. What’s more, we can guide you through the entire home-buying or home-selling process and will provide you with quality representation. Reach out to our Indiana real estate brokers today to learn more!
According to a market overview of the Indiana real estate market provided by Zillow, the real estate market in Indiana is “very hot” right now. In fact, home values in our state have skyrocketed by more than nine percent in the past twelve months. And that’s not all: home prices are expected to keep increasing in the future, with an additional five percent rise expected.
Right now, the median price per square foot for a home in Indiana is $107, and the median price of listed homes for sale in Indiana is $189,900. The median home value (not the list price) is lower, though – $144,500. This discrepancy between the home value and the home price is indicative of market vitality and a booming real estate market. We are definitely in a sellers’ market right now!
Experts predict that Indiana homes will remain in high demand throughout the rest of the year, and likely moving into 2020 as well. However, while mortgage interest rates were at a record low rate in 2018–helping to fuel the housing demand–rising interest rates could slow buyer activity slightly. That being said, home prices are likely to keep increasing, the market will continue to remain a sellers’ market and buyers will keep wishing for more homes for sale, and first-time buyers will likely continue to dominate the market.
Knowing whether or not it’s the right time to buy or sell a home can be difficult. At The Jana Caudill Team, our experienced Indiana realtors are here to answer your questions and provide you with knowledgeable advice. Our professionals have been the industry for years, and have the experience you’re looking for. Call today or send a message to get started.