I’ve been looking at our home sales report so I can compare it to previous years.
I’m so grateful for our success in 2014- it’s been a good year, not only for our sales team at Heritage Lake, but nationally as well!
Brouhard Realtor’s team at RE/MAX Centerstone is ending the year with about $10 million in production. It doesn’t quite compare to the $13 million in production we enjoyed in 2012, but that’s okay.
The National Association of Realtors reports that total existing home sales are at their highest annual pace since September 2013 and are now above year-over-year levels for the first time since last October. Lawrence Yun, NAR chief economist, says the housing market this year has been a tale of two halves. “Sales activity in October reached its highest annual pace of the year as buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory and stabilizing price growth,” he said. “Furthermore, the job market has shown continued strength in the past six months. This bodes well for solid demand to close out the year and the likelihood of additional months of year-over-year sales increases.”
NAR also stated that the median existing-home price for all housing types in October was the 32nd consecutive month of year-over-year price gains.
Regionally, the midwest shows a strong market with existing home sales jumping 5.1% to 1.24 million this October which is 2.5% higher than October 2013. The median price in the midwest was up 6.8% from a year ago.
What a great way to start 2015! If you have been considering the sale of your Heritage Lake home, or other property in Central Indiana, now is a great time to become educated on the current market. Darrel or I will happily visit your home to complete a Comparative Market Analysis even if it’s not the right time for you to list. Initially, we visit your home to take some pictures and become familiar with your property. On our return visit, you will learn not only the current market value of your home but you will learn about the latest sales activity that can help you to determine whether or not it is the right time to sell. Don’t worry if it’s not the right time to list, we are glad to help you keep up on the market to determine when it is the right time so you can call us when it is!