As we turn from winter to spring, home buyers and sellers are readying themselves for an exciting market. Buyers are motivated by an attractive affordability environment, while more and more sellers are receiving near top dollar for their home. We've come a long way over the past 12 to 18 months. Here's how the last quarter stacked up.

New Listings in central Indiana decreased 3.1 percent in the quarter ending in February. Pending Sales were up 19.3 percent in that same time. Inventory levels shrank 14.6 percent. Closed Sales increased 20.9 percent for the quarter and 28.5 in February alone.

Prices moved a bit higher. The Median Sales Price increased 2.1 percent for the quarter to $120,000. The Average Sales Price jumped 7.0 percent for the quarter to $152,373. Months of Inventory are down to 5.5 months. Those eager to sell should take note of generally increased consumer confidence evidenced by multiple offers and quick selling times. Lower inventory levels are creating competition the market has not seen in years.