Yesterday, the National Association of Realtors (NAR) released their Existing Home Sales Report. The numbers shocked many analysts as they revealed a 10.4% increase over the same month last year.
This is the highest number of sales since September 2013. Sales have increased year-over-year for six consecutive months and the 10.4% increase is the highest annual increase since August 2013. March’s sales increase was the largest monthly increase since December 2010. We’ve seen it at the Evelo Team as well – if a home is priced right and in good condition when it is listed in our Fishers or Indianapolis area, it selling in less than 48 hours!
Lawrence Yun, NAR’s chief economist, explained:
“After a quiet start to the year, sales activity picked up greatly throughout the country in March. The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years.”
Here is a graph showing home sales so far this year:
An increase in sales occurred in every region of the country even the Northeast that experienced one of their roughest winters in years:
Houses are flying off the shelves. This may be the perfect time to sell yours. Thinking of selling – contact the Evelo Team today 317-863-4663 for more information on how we can help sell your home quickly and for TOP dollar in this Indianapolis Real Estate Market. The Evelo Team currently has 15 buyers that are actively looking to purchase a home NOW. You may not even have to put your home on the market – we may even have a buyer for you NOW!