Danville Indiana Real Estate Report – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $177,525 | Active: $186,251 | -4.69 |
| Pending: $170,569 | Pending: $201,533 | -15.36 |
| Sold : $137,471 | Sold : $134,737 | 2.03 |
| Days on Market: 85 | Days on Market: 57 | |
| Absorption Rate: 7.8 |
Active:
In May 2007, 40 new listings were added to the Danville real estate market with an average listing price of $177,525. In May 2006, 31 new Danville homes were added to the market with an average list price of $186,251. The average newly listed Danville home was down $8,726 or 4.69% over last year.
Pending:
May 2007 saw 22 homes go pending in the Danville real estate market with an average asking price of $201,533. 2006 saw 21 Danville homes go pending with and average asking price of $201,533. For May 2007, the average Danville home that went pending was down $30,964 or 15.36%
Sold:*
The Danville real estate market had 19 homes close in May 2007 with an average selling price of $137,471. It took an average of 85 days to sell a home and it received 97% of the asking price. May 2006 had 17 Danville homes closed with an average selling price of $134,737. In 2006 it took an average of 57 days to sell a home on the Danville real estate market. The closed homes in May 2007 were on average up $2,734 or 2.03% over 2006.
When evaluating the Danville real estate numbers, it important to keep in mind that very few homes sell per month in Danville. One expensive home or one inexpensive home can have a dramatic effect on the averages. In this scenario, it is probably wiser to look at the year to date numbers to get a feel for the Danville real estate market.
As of 6/12/2007, 141 homes are for sale on the Danville real estate market. In the past 12 months, 217 Danville homes have sold: this means that if no new homes are added there is a 7.8 months supply of homes on the Danville real estate market.
Danville real estate year to date numbers:
|
Jan
|
29
|
$209,420
|
18
|
$125,538
|
10
|
$95,808
|
95.00%
|
64
|
|
Feb
|
18
|
$185,610
|
17
|
$137,658
|
19
|
$158,634
|
96.00%
|
110
|
|
March
|
30
|
$178,951
|
10
|
$205,080
|
15
|
$130,451
|
93.00%
|
80
|
|
April
|
45
|
$187,253
|
15
|
$132,966
|
10
|
$195,472
|
96.00%
|
110
|
|
May
|
40
|
$177,525
|
22
|
$170,569
|
19
|
$137,471
|
97.00%
|
85
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
162
|
$187,752
|
82
|
$154,362
|
73
|
$143,567
|
95.40%
|
89.8
|
* Sold homes are calculated on homes sold in Danville under $500,000.
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Date: 2007-07-05 06:51:25Views: 190