Indianapolis Real Estate Report – Lawrence Township – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $192,646 | Active: $205,143 | -6.09 |
| Pending: $139,429 | Pending: $174,460 | -20.08 |
| Sold : $140,573 | Sold : $150,238 | -6.43 |
| Days on Market: 80 | Days on Market: 71 | |
| Absorption Rate: 8.16 |
Active:
In May 2007, 385 Indianapolis homes were added to the market with an average listing price of $192,646. May 2006 had 363 homes added to the Indianapolis real estate market in Lawrence Township with an average listing price of $205,143. The average home that was newly listed was down $12,497 or 6.09% over May 2006.
Pending:
May 2007 saw 173 Indianapolis homes in Lawrence Township go pending with an average asking price of $139,429. The same month in 2006, 211 homes in Lawrence Township went pending with an average asking price of $174,460. The average home that went pending on the Indianapolis real estate market in Lawrence Township was down $35,031 or 20.08% over 2006.
Sold:*
The Indianapolis real estate market in Lawrence Township had 164 homes sell in May 2007 with an average selling price of $140,573. The average Indianapolis home in Lawrence took 80 days to sell and it received 98.14% of the asking price. May 2006 had 189 homes sell with an average selling price of $150,238. The average home in 2006 took 71 days to sell and received 97.07% of its asking price. May 2007 saw a $9,665 or 6.43% decrease in the average Indianapolis home that sold in Lawrence Township.
There are currently 1302 Indianapolis homes for sale in Lawrence Township. Over the past 12 months, 1914 homes have sold in Lawrence: this means that if no new properties are added to the market Lawrence Township has an 8.16 months supply of homes.
Indianapolis Real Estate Lawrence Township Numbers Year to Date
| Month | New List. | Avg. LP | Pending | Avg. LP | Closed | Avg. SP | % SP/LP | Avg DOM |
|
Jan
|
417
|
$177,620
|
129
|
$127,262
|
111
|
$131,343
|
96.11%
|
86
|
|
Feb
|
298
|
$185,717
|
152
|
$145,488
|
108
|
$123,564
|
96.75%
|
85
|
|
March
|
368
|
$188,194
|
199
|
$149,460
|
158
|
$134,607
|
96.85%
|
78
|
|
April
|
409
|
$188,685
|
214
|
$146,371
|
199
|
$150,146
|
96.82%
|
77
|
|
May
|
385
|
$192,646
|
173
|
$139,429
|
161
|
$144,923
|
98.14%
|
80
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
1877
|
$186,572
|
867
|
$141,602
|
737
|
$136,917
|
96.93%
|
81.2
|
*Sold homes numbers are calculated on all homes selling in Indianapolis Lawrence Township under $500,000.
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Date: 2007-07-16 07:19:42Views: 249