Danville Indiana Real Estate Report – April 2007

At a Glance:
2007	2006	% Change
Active: $189,471	Active: $168,436	12.49
Pending: $130,664	Pending: $142,778	8.48
Sold : $195,472	Sold : $142,065	37.59
Days on Market: 110	Days on Market: 59
Absorption Rate: 7.98

 

Active:

In April 2007, 45 new listings were added to the Danville real estate market with an average listing price of $189,471.  In April 2006, 31 new Danville homes were added to the market with an average list price of $168,436.  The average newly listed Danville home was up $21,035 or 12.49% over last year. 

Pending:

April 2007 saw 17 homes go pending in the Danville real estate market with an average asking price of $130,664.  2006 saw 20 Danville homes go pending with and average asking price of $142,778.  For April 2007, the average Danville home that went pending was down $12,114 or 8.48%

Sold:

The Danville real estate market had 10 homes close in April 2007 with an average selling price of $195,472.  It took an average of 110 days to sell a home and it received 96% of the asking price. April 2006 had 25 Danville homes closed with an average selling price of $142,065.  In 2006 it took an average of 59 days to sell a home on the Danville real estate market.  The closed homes in April 2007 were on average up $53,407 or 37.59% over 2006.

 

A word of caution is needed here regarding the 2007 numbers.  While the numbers do imply a 37% increase over last year, with only 10 homes sold 1 home could skew the numbers dramatically.  As of 5/10/2007 there are 139 homes for sale in the Danville real estate market.  Over the past 12 months 209 Danville homes have sold: this means that the Danville real estate market has a 7.98 supply of homes.   

Related Links:

• Avon Real Estate
• Brownsburg Indiana Real Estate
• Indianapolis Homes

Date: Tuesday, June, 12th 2007 @ 11:05:23 AM
Views: 197

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