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Suburbs Continue to Drive Indianapolis Home Sales Recovery

Spring has definitely sprung in Central Indiana. The sun is shining, the trees are leafing and new life is everywhere—even in the real estate market. Lead by high consumer confidence numbers, Indianapolis and its surrounding counties saw a 22 percent year-over-year increase in home sales in February 2012, according to a recent Indy Star article. While Indianapolis proper saw gains, the largest jump in sales came from the surrounding counties, including Boone County (up 61 percent), Hendricks County (up 40 percent), Hancock County (up 34 percent) and Johnson County (up 30 percent). Perhaps it isn’t surprising—suburbs like Zionsville, Brownsburg, Greenwood and Greenfield offer great quality of life at affordable prices.

Even better news is that home sale prices continue to rebound. The average home in the Indianapolis area sold for just over $140,000, an increase of about one percent over 2011. If you’ve been waiting for a price recovery, it looks like it’s finally here.

It’s been a long few years, but we’re finally seeing some light at the end of the real estate tunnel. Is now the right time for you to make your move and put your house on the market? We can help you decide if the current real estate market conditions are right for you. Call Polaris Real Estate, and the experienced Dan Baldini team will help you look at the market in your area and make an informed choice to buy, sell or move. Give us a call today and start on the path to your dream house.

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