Greenwood Indiana Real Estate Report – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $218,306 | Active: $198,578 | 9.93 |
| Pending: $162,768 | Pending: $164,599 | -1.11 |
| Sold : $160,865 | Sold : $173,271 | -7.16 |
| Days on Market: 70 | Days on Market: 62 | |
| Absorption Rate: 7.25 |
Active:
May 2007 added 264 homes to the Greenwood Indiana real estate market and the average newly listed home was $218,306. May 2006 added 297 Greenwood homes with an average listing price of $198,578. The average home that was newly added to the Greenwood real estate market was up 9.93% or $19,728 over May 2006.
Pending:
In May 2007, 150 Greenwood homes went pending with an average asking price of $162,768. May 2006 had 169 homes go pending on the Greenwood real estate market with an average asking price of $164,599. The average home that went pending in May 2007 was down slightly, a decrease of 1.11% or $1,831 over 2006.
Sold: *
May 2007 saw 143 Greenwood homes sell with an average selling price of $160,865. The average home took 70 days to sell and received 97% of the asking price. May 2006 saw 161 homes sell on the Greenwood real estate market with an average selling price of $173,271. The average home in 2006 took 62 days to sell and received 98% of the asking price. While in 2007 9.16% more homes sold in Greenwood, the average selling price was down 7.16% or $12,406 over May 2006.
Summary:
While the overall numbers are down from last year, there is reason to believe that the market may be seeing a turnaround. The average asking price for a home on the Greenwood real estate market is up, the number of new listings are down (less supply), and the number of homes sold is up. As of 6/12/2007, there are 776 active properties for sale on the Greenwood Indiana real estate market. In the past 12 months, 1284 Greenwood homes have sold; this means that if no new homes are added there is a 7.25 months supply of homes on the Greenwood real estate market.
*Sold properties are calculated on Greenwood homes sold under $500,000.
Greenwood Indiana real estate numbers year to date:
| Month | New List. | Avg. LP | Pending | Avg. LP | Closed | Avg. SP | % SP/LP | Avg DOM |
|
Jan
|
293
|
$203,246
|
120
|
$159,020
|
72
|
$153,821
|
97%
|
92
|
|
Feb
|
220
|
$189,374
|
135
|
$157,091
|
78
|
$151,494
|
96%
|
92
|
|
March
|
309
|
$188,933
|
154
|
$176,598
|
113
|
$165,435
|
97%
|
87
|
|
April
|
293
|
$204,778
|
164
|
$158,499
|
96
|
$166,223
|
97%
|
76
|
|
May
|
264
|
$218,306
|
150
|
$162,768
|
143
|
$160,865
|
97%
|
70
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
1643
|
$201,944
|
845
|
$162,498
|
645
|
$161,130
|
97%
|
82
|
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Date: 2007-07-06 08:46:57Views: 343