T
he Indianapolis real estate market is experiencing a favorable balance between buyers and sellers, according to Timeko Whitaker, CEO of Timeko and Associates Realty Group. With the median home price at $305,000, an increase of 1,400 new homes from last year, sellers are in a strong position.

    Whitaker encourages buyers to invest in homeownership as a way to build generational wealth, despite interest rates ranging from 6.5% to 7%. She notes that while these rates may seem high, they're becoming the norm and shouldn't deter potential buyers. Whitaker advises buyers to "marry the house" – find a home you love – and refinance later if rates change.

    For sellers, the current market conditions are ideal, with home values continuing to rise. Whitaker warns that waiting to sell could mean missing out on favorable conditions. With interest rates becoming more predictable, the market is stabilizing after pandemic-era volatility. Whitaker recommends individuals assess their needs – whether downsizing or upgrading – and act promptly.

    As the real estate market shows signs of stability and growth, both buyers and sellers are advised to consider making a move now to take advantage of current conditions. Acting sooner rather than later could be financially beneficial, according to Whitaker's insights.