Brownsburg Real Estate Report – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $225,692 | Active: $200,051 | 12.8 |
| Pending: $182,386 | Pending: $173,991 | 4.82 |
| Sold : $162,887 | Sold : $179,866 | -9.43 |
| Days on Market: 73 | Days on Market: 98 | |
| Absorption Rate: 7.45 |
Active:
In May 2007, 172 homes were added to the Brownsburg real estate market. The average listing price was $225,692. In 2006, 141 Brownsburg homes were added with an average listing price of $200,051. The average asking price is up for the average Brownsburg home by $25,641 or 12.8%. This seems to be out of the ordinary and may be caused by some extenuating circumstances. This is probably due to fact that there are currently 3 Brownsburg homes that are currently listed over $1,000,000 which is somewhat atypical.
Pending:
May 2007 had 73 Brownsburg homes go pending with an average asking price of $182,386. The same month in 2006, 81 homes went pending with an average asking price of $173,991. The average pending home on the Brownsburg real estate market was up $8,395 or 4.82% over last year.
Sold: *
In May 2007, 65 homes sold in Brownsburg with an average selling price of $162,887. The average house took 67 days to sell and it received 97% of the asking price. 2006 had 53 Brownsburg homes sell with an average selling price of $179,866. In 2006 it took an average of 85 days to sell a home and the typical Brownsburg home received 99% of its asking price. This means that the average home sold for $16,979 or 9.43% less than in 2006.
The Brownsburg real estate market currently has 396 active properties for sale. In the past 12 months 638 Brownsburg homes sold: this means that the Brownsburg real estate market currently has a 7.45 months supply of homes. This is on par with the rest of the greater Indianapolis real estate market.
*Sold numbers calculated on homes sold in Brownsburg under $500,000.
Brownsburg Real Estate Year to Date:
| Month | New List. | Avg. LP | Pending | Avg. LP | Closed | Avg. SP | % SP/LP | Avg DOM |
|
Jan
|
132
|
$207,860
|
61
|
$164,445
|
39
|
$182,069
|
96.00%
|
91
|
|
Feb
|
84
|
$189,213
|
55
|
$187,142
|
42
|
$155,644
|
97.00%
|
79
|
|
March
|
138
|
$210,316
|
68
|
$185,804
|
38
|
$181,925
|
97.00%
|
106
|
|
April
|
130
|
$218,403
|
70
|
$167,324
|
48
|
$175,007
|
97.00%
|
90
|
|
May
|
172
|
$225,692
|
73
|
$182,386
|
65
|
$162,887
|
97.00%
|
67
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
656
|
$229,340
|
327
|
$190,170
|
232
|
$171,506
|
96.80%
|
87
|
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Date: 2007-07-03 12:50:58Views: 355