Your Market Update From Tim And Julie Schnepp

Your Market Update From Tim And Julie Schnepp

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Overall what are we seeing? Nationally, February home sales and prices moved higher. Unlike last February, we saw an increase in home sales and a moderate increase in home prices. Home prices in February rose 7.1% from January and 2.2% year over year. Sales through the winter held their ground, as four of the last six months saw higher sales than the same time from the previous year.

The inventory of homes for sale in February was lower than both the last previous months. This is not uncommon, as many people are gearing up for the traditional "listing season." The average days on market is staying stable. Median sales prices were up 5.5% year over year. That makes for 37 consecutive months where median sales prices have risen.

Our RE/MAX CEO stated recently, "It's a very good sign that home sales picked up in February. Although it's one of the slower months for housing, this incurs shows that consumers have confidence entering the market. They're feeling improvements in job and wage growth, and recognize that mortgage rates remain near historic lows."

What does this mean for you? It is a great time to sell, but it is a great time to buy too! Interest rates are still low and buyers are able to buy a lot for their money. Sellers are starting to see better return on their investments than maybe they have in years past. It is a win win for both sides.

What's next? Are you curious about selling or what your next home might look like? Connect with The Schnepp Home Selling Team and get the ball rolling. We have a team in place to help you reach your goals. We offer a free property analysis with no strings attached. We want you to see what market value for your home would be right now, and how that fits in with your future plans. Give Tim & Julie Schnepp a call at 765-778-3573 or visit us online at

Find your Home's Value - Start Here and Call Tim& Julie Schnepp at 765-778-3573

Tim & Julie Schnepp and The Schnepp Home Selling Team are an award winning team serving all of Central Indiana in Real Estate. Recently awarded Top Real Estate Agency in the 2015 Herald Bulletin Best of Madison County Survey. RE/MAX Has awarded this team the 2014 Chairman's Club Award. To see more about the team click Here

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Phone: 765-617-9430
Dated: April 8th 2015
Views: 765
About Julie: Co-Founder and President of the RE/MAX Legacy Team Throughout her career, Julie has received many...

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