Spring 2014 - A Great Time to Jump into the Market!

Spring 2014 poses to be a strong real estate market in South Central Indiana.  There is currently good demand for housing with many available jobs especially in the Seymour and Columbus marketplaces.  Interest rates continue to hover in the high 4% range making it very affordable to live.  The property tax rates in Jackson and Bartholomew counties are quite reasonable when compared to counties like Hamilton or other areas of the country.  The supply level makes it a very good time to sell as most sellers will experience increased values, this past year our area experienced approximately a 11-12% increase in home values compared to the prior year.  The latest reported unemployment rate in Jackson County is 5.7% and for Bartholomew county 5.1%.  The current state rate is 7%.  Jackson County is experiencing lower unemployment than any of its surrounding counties with the exception of Bartholomew. 

Of course, this is an election year and interest rates are anticipated to move into the 5% range by mid-year.  If you are remotely thinking of selling or buying, you should seriously consider jumping into the market.   For additional information, please contact Rob Millman.

If you are a seller thinking of moving, now is the best timeframe for you to capitalize on the highest values based upon where our market is in the cycle.  This window of opportunity will only be available for a limited time, so take advantage of this moment now.  If you are a builder, now is the time to build to create inventory.  I welcome the opportunity to help you understand where we are in the market and the opportunity available for this spring.  Please call me for a no obligation market valuation at 812-528-3028.

Market Update

The Jackson County Real Estate Market is quite robust at this time as noted by the number of active listings in the Seymour City marketplace.   This affects the number of months of supply

in the market; there are currently 52 pending sales in Jackson County,  of which 25 of these homes are located in Seymour.  The velocity of our market would increase with more inventory

as there are many buyers seeking home ownership opportunities.  The Seymour market is approximately 110 houses short of an in-balance inventory.  The combination of low interest rates, local employment levels and lack of new construction has contributed to this situation. The latest posted unemployment rate for Jackson County is 7.2% which is lower than the current

state and national rates.  

If you are a seller thinking of moving, now is the best timeframe for you to capitalize on the highest values based upon where our market is in the cycle.  This window of opportunity will only be available for a limited time, so take advantage of this moment now.  If you are a builder, now is the time to build to create inventory.  I welcome the opportunity to help you understand where we are in the market and the opportunity available for this spring.