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NDIANAPOLIS — A combination of lower interest rates, improving weather, and stabilizing prices could lead to a strong housing market this spring. According to FC Tucker realtor Dan Brown, these factors are setting the stage for a busy season.

    Brown points out that mortgage rates have dropped significantly since mid-January, reaching their lowest levels in several months. This decrease is expected to attract more buyers, who will be able to afford higher-priced homes and explore more options.

    The inventory of available homes has also improved, with Brown noting a 20% increase over last year's numbers. While this still represents a relatively low supply, it's an improvement from the previous market conditions.

    Asking prices have remained stable, avoiding the large price spikes seen in recent years. Brown estimates that home values are up around 6-7% compared to last year, which is considered a healthy increase for homeowners looking to maintain their property's value.

    The time it takes for listings to sell has also become more predictable. While premium homes continue to sell quickly, typically within days, other properties may take longer due to factors like price or condition. However, Brown notes that demand still outstrips supply, making it a seller's market.