The central Indiana residential real estate market has some positive sales figures to report for last month vs. the same time last year. Also the actual number of homes on the market declined as available inventory continues it’s trend in that direction. The market, which has been tipped generally in the Buyers favor for quite some time, continues to move closer toward a more balanced position which is good news for Sellers. For more in-depth analysis, real numbers and graphs, take a look at my latest MarketWatch Newsletter for this month.
Buyers are taking advantage of good prices and interest rates which remain at near historic lows. A tax credit for up to $8,000 for First-time Buyers is helping to fuel a portion of those sales. If you are not a first-time buyer, you are not left out this time. Current homeowners who want to sell their present home and buy another one may also be able to take advantage of an incentive of up to $6,500. If you have been thinking about a move in the near future, that’s something to consider as well. For more details about the latest tax credit program, here’s some more information from the IRS website…or contact me and I would be happy to discuss any questions you may have.
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