Where Is Our Housing Market Heading?
How to know what direction the market and your equity are heading in.
As we navigate these turbulent waters in the real estate market, it helps to have context. Have you been wondering what’s happening with the market and what that means for the value of your home? A lot of people have approached me lately wondering about this, so I’m here to share what I know to calm some of your fears.
As I look at trends in price changes, new listings, homes under contract, and more, I can tell that our housing market is normalizing. 2022 is very similar to 2017, 2018, and 2019. The past couple of years have been an anomaly. Many people have started to see those conditions as the norm, but they weren’t sustainable.
The other question people are wondering a lot about is how much the median sales price of a home in Central Indiana has increased in the last three years. I was pretty amazed to see that values rose around 45%. Therefore, most people have a tremendous amount of equity.
If you’d like to get a home valuation so that you know the value of your home, my team and I would love to help you. Also, if you’re interested in listing your home, we can tell you about our top-notch marketing program. Last, if you want to buy a home, we can help you with that and share some of the nuances of placing an offer in today’s market.
Just know that my team and I would love to help you in any way we can. Don’t hesitate to call, email, or visit our website for more information.