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Fishers Indiana Real Estate Market Report | January 2013

By
Real Estate Agent with Keller Williams Indianapolis Metro NE RB14023803

The first Fishers Indiana real estate market report for 2013 leaves us optimistic that this will be a good year for the housing market in general and (finally!) sellers in particular.

Fishers Housing Market statisticsClosed Sales continue to skyrocket in Fishers; up 60 percent in January 2013 as compared to January 2012 and up 42.3 percent in the quarter ending in January 2013 when compared to the same three-month period last year. New Inventory, on the other hand, is growing at a much slower pace. January 2013 New Inventory is up just 1.6 percent from the previous year and 6.3 percent for the three months ending in January.

Another telling statistic from the January 2013 Fishers real estate market report is that Average Days on the Market have dropped dramatically from last year, both in the month to month and the quarterly comparisons. Average Days on the Market went from 112 between November 2011 and January 2012 to 92 to the same time frame ending in January 2013. Bottom line: buyers are jumping on homes that are presented well and priced appropriately.

Search all homes for sale in Fishers Indiana.

Increased buyer demand and decreased inventory signal that the Fishers real estate market may be shifting to one that favors sellers. According to a report by the National Association of REALTORS, much of the country has already transitioned to a seller's market, and there's no reason to think that Fishers will be any different!

Buying or Selling a Fishers Home

Spring may officially be a few weeks away yet, but the spring home selling season is already here! If you are planning to sell, first find a real estate agent whom you trust. A knowledgeable agent can provide you with valuable information about what your Fishers home is worth, the current housing market and preparing your Fishers home for sale.

If you're in the market for a home in Fishers, this is not the time to be hesitant! Listings that are updated, in good condition and priced fairly are going quickly; sometimes in a matter of days with multiple offers. Learn how to handle a multiple offer situation.

The February Fishers Indiana housing market report should give us a good idea of what's in store for the rest of the year, so be sure to check back!

Learn more about living in Fishers Indiana, one of CNN Money's Best Places to Live in America!

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Pat Haddad, ABR, CDPE, CRS, e-Pro, GRI

Haddad Team, Keller Williams Realty

317-840-7555

Pat@HaddadTeam.com

Indianapolis real estate and the surrounding areas of Carmel, Fishers, Geist, Morse, Noblesville, Westfield, Zionsville, and everywhere in between!  Whether you are buying or selling a home, I'll be with you every step of the way.

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Comments (4)

Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Pat, things are looking very good for an end to 2012 and starting out in 2013!  DOM are down, listing inventory down, and sales way up!  How about new housing starts?  Will Fishers be adding a THIRD high school soon?  Incredible growth in Hamilton County!!!!

Mar 01, 2013 05:43 AM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Sharon and Bruce----I always feel at such a disadvantage.  You know so much about the area in which I work and the only thing I know about Lafayette, is that Purdue University is there!

Mar 01, 2013 11:30 AM
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Why Pat you will just have to come up and visit when the Royals or Tigers make their way up to Harrison or McCutcheon in sports.  It will be great networking for you as the loyal fans from Hamilton County will say,

"Isn't that Pat Haddad the real estate agent?  What a LOYAL ROYAL being up here in wilderness of Lafayette.  We will have to call Pat when we sell our house!" 

Mar 01, 2013 09:44 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Bruce, It is so sad that you missed your calling.  You really should have been a stand up---not too late you know!

Mar 05, 2013 08:50 AM