As we move into spring, you can expect to see even more trees beginning to bloom. You can also expect to see more 'for sale' signs popping up at area houses. During the country's recession, fewer homes were being sold, a trend that is being reversed in the Indianapolis area so far in 2012.
From selling, to "sold," experts said Indy's housing market is finally getting back on track.
Sales are up in 2012, according to the Indianapolis Metropolitan Board of Realtors. Homes sold are up 22 percent, pending sales are up 19 percent and new listings are up 13 percent.
Cherf said the increases all point back to consumer confidence.
"Our market is extremely good," said Cherf. "Rates are extremely low. The housing industry, and the prices here in the Indianapolis area are lower than the norm, so it is a great time to buy."
"The same day I saw it I made an offer on it," said Undre Nicholson.
Nicholson recently bought his first house in Fishers. After being a long-time leaser, home prices were just too good to pass up.
"I am paying $100 more than I was paying for rent on my mortgage now" said Nicholson. "It was a great value for me."
He and his two sons even got an air hockey table thrown in as part of the deal.
Nicholson said he has noticed the home buying trend in his own neighborhood. He said it seems like as soon one home goes up for sale, another one is sold.
"As soon as they went up, it was like maybe a week later they sold," said Nicholson. "I have new neighbors and new people moving into the area. I felt really good about the purchase that I made."
Nicholson said he has a message for people who are renting.
"Get off the rent wagon and own your own house," said Nicholson.
Indy-based home sale numbers improving
During the country's recession, fewer homes were being sold, a trend that is being reversed in the Indianapolis area so far in 2012.