π· March Real Estate Market Update for Marion & Polk Counties
Spring is in the air β and so is real estate activity. The numbers are in for March, and the Marion and Polk County housing market is heating up right on cue. As flowers start blooming, so does buyer interest β and the stats show exactly what you'd expect in a spring market: more movement, more listings, and some key insights for buyers and sellers alike.
Letβs break down what these numbers really mean:
π‘ 261 Closed Sales (Up 22.5%)
Buyers are back and deals are getting done. A 22.5% increase in closed sales is a strong indicator that the spring surge is in full swing. More homes are going under contract β which is great news for sellers looking to make a move.
π Sellers: Your buyers are out there, and theyβre making offers.
π Buyers: Expect more competition and move quickly when you find βthe one.β
π° Median Sale Price: $447,000 (Up 4%)
Prices are ticking up slightly β nothing too wild, but enough to show steady appreciation. This is common as demand increases and inventory tries to keep up.
π Sellers: Rising prices mean equity gains.
π Buyers: Consider locking in a home before prices climb more.
β±οΈ 60 Days on Market (Up 10.1%)
Homes are sitting just a little longer than before β but not by much. A 60-day average tells us that buyers are being thoughtful, but still active.
π Sellers: Make sure your home shines! Clean, stage, and price it right.
π Buyers: You might have a little breathing room, but donβt wait too long.
ποΈ Active Inventory: 667 Homes (Down 0.7%)
Weβre still feeling the effects of low inventory. While new listings are rising, overall available homes dipped slightly β meaning demand is still outpacing supply.
π Sellers: Less competition = more attention on your home.
π Buyers: Work with a savvy agent to act fast and write competitive offers.
π 378 New Listings (Up 41.6%)
This is the big spring surge we expect! More homeowners are putting their homes on the market, creating fresh options for buyers and signaling a healthy seasonal upswing.
π Sellers: Nowβs the time β buyers are watching every new listing.
π Buyers: Keep an eye out β your dream home could hit the market any day now.
πΌ Spring is (Still) Real Estate Season
Every spring, we see more listings, more buyers, and more market movement. Itβs the season where real estate picks up momentum β and this year is no different. If youβve been on the fence about jumping into the market, this is your sign.
Whether youβre thinking about buying, selling, or just keeping an eye on trends, staying informed is key β and Iβm here to help.