Indianapolis housing market strong for sellers during holiday season

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

INDIANAPOLIS, Ind. (Dec. 12, 2014)-- Even though it's the holiday season, it's a great time to consider selling your home.

The most recent market report by MIBOR  shows more sales and higher home prices in Indianapolis.

The average sales price increased by 6.8 percent to $177,175.

Interest rates are also at historic lows - for now.

"We are in the 4-4.5% for a thirty year mortgage all year. Experts say that could go up toward the end of next year," said Claire Belby with MIBOR.

If you put your home on the market in the winter, be ready to be flexible. It's a little more tricky to set up showings and appointments during the busy holiday season.

But - since competition is down, the odds will be in the seller's favor.

"People often think that the housing market kicks off in the early spring and ends in the late fall. But, we are finding that it is really a 12 month cycle," said Belby.

The Redwine family in Avon put their home on the market two months ago to sell during the fall and winter months. Sally Redwine was told by her realtor to put up less holiday decor to attract more buyers.

"We did downsize some of the stuff this year," said Redwine.

Just this week, the Urban Land Institute's Emerging Trend Survey ranked Indy the second strongest real estate market in the Midwest.

"People still need to buy a house and the few that are available they may choose one of those, and you will miss out," explained broker Steven Kass.