We have experienced
another sign that the market is continuing in recovery mode....the May
slow-down! At least it feels that there is a slow down. While the sales
in Carmel remain brisk, we are seeing a tendency toward normal in the
market.
In
Indiana we have a seasonal selling time for real estate. The market
tends to pick up around the end of February and continues to build steam
until June where it is hot and heavy through the month of August when
we see a slowing of sales. This is the time when most families are
wanting to make their move and generally speaking, most everyone would
rather move during the warmer months that tackle a move during the snow
storms or bitter cold of the Indiana winter. Once the kids get back in
school we see continue to see moderate sales as those last few buyers
find their new home so they can get settled before the cold sets in.
However,
one caveat to that is the month of May. Historically, the month of
May, for whatever reason...be it graduations, Mother's Day, the end of
school...tends to be a slower month for sales. At least that was the
old norm. Going forward, we'll just have to see if this holds true but I
personally want to say this is a sign that we are getting some serious recovery! And that is great news!
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