Here is a look at the Indianapolis real estate market report for the month of May for 2008 vs. 2009:
2008 |
2009 |
% Change |
|
| Active | N/A |
7469 |
|
| Homes Sold | 1157 |
871 |
-25% |
| Average Selling Price | $113,581 |
$111,850 |
-2% |
| Days on Market | 88 |
97 |
10% |
| Price Per Square Foot | $65 |
$64 |
-2% |
This is the worst month so far this year as far as the number of homes sold in Indianapolis, but the best month this year as far as the average sales price as compared to last year. Here are the YTD numbers for a little comparision:
| Number of Homes Sold | Average Selling Price | |||||
| 2008 | 2009 | % Change | 2008 | 2009 | % Change | |
| Jan. | 695 | 635 | -8.63% | $91,077 | $84,050 | -7.72% |
| Feb. | 727 | 651 | -10.45% | $96,370 | $88,741 | -7.92% |
| March | 1,017 | 855 | -15.93% | $101,714 | $100,066 | -1.62% |
| April | 1,092 | 882 | -19.23% | $105,429 | $93,181 | -11.62% |
| May | 1,157 | 871 | -24.72% | $113,581 | $111,850 | -1.52% |
| June | ||||||
| July | ||||||
| Aug. | ||||||
| Sept. | ||||||
| Oct. | ||||||
| Nov. | ||||||
| Dec. | ||||||
| Totals | 4,688 |
3,894 |
-16.94% |
$101,634 |
$95,578 |
-5.96% |
- In addition to these numbers, there are 1752 homes that are pending with an average asking price of $106,532
- The absorption rate or months supply of homes is currently 7.94.
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Date: 2009-06-17 09:25:04Views: 696