WESTFIELD, Ind. - Central Indiana's housing market is the strongest it has been in a decade, according to a spokeswoman at the MIBOR Realtor Association.
“We’ve got the best housing market I’ve seen my 14 years," local realtor James Embry, team leader with Keller Williams Realty, said. "It’s pretty hard right now if you’re a buyer. You have to be on top of it.”
Data from the first quarter of this year shows the number of homes bought in central Indiana is up nearly 10 percent compared to the first quarter of last year. The average price is also up 3.1 percent in that same time frame.
“As soon as you get the house on the market you are going to get multiple showings within a couple of days," Embry said. "And you can expect to have multiple offers within a couple of days as long as the house is priced where it should be.”
Embry said houses on the market in Indianapolis get about two to three interested buyers in the first week, in Hamilton County four to six and in Carmel up to eight.
“Sometimes if the house is really hot, a really hot area, there’s going to be more," Embry said.
While it is a sellers market, Embry said there are some things you should know if you are looking to buy.
"You definitely need to get your preapproval done before you go out looking and you need to know what you’re looking for, because if you sit around and think about it, it’ll be gone," he said.
Industry experts predict housing sales to continue to be strong throughout the summer with consumer confidence high and interest rates still low.