Noblesville Real Estate News
Noblesville Real Estate Report – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $277,996 | Active: $252,906 | 9.92 |
| Pending: $200,265 | Pending: $166,456 | 20.31 |
| Sold : $174,922 | Sold : $172,476 | 1.42 |
| Days on Market: 75 | Days on Market: 74 | |
| Absorption Rate: 7.75 |
Active:
May 2007 added 197 homes to the Noblesville real estate market with an average listing price of $277,996. May 2006 added 219 Noblesville homes to the market with an average listing price of $252,906. The average home that was added to the market in May 2007 was up $25,090 or 9.92% over the same month 2006.
Pending:
In May 2007, 74 Noblesville homes went pending and the average asking price was $200,265. May 2006 saw 135 homes go pending with an average asking price of $166,456. The average home that went pending on the Noblesville real estate market in May 2007 was up $33,809 or 20.31%.
Sold: *
In May 2007, 104 homes sold on the Noblesville real estate market with an average selling price of $174,922. The average home took 75 days to sell and received 96% of the asking price. May 2006 saw 115 Noblesville homes sell with an average selling price of $172,476. The average home in 2006 took 74 days to sell and received 98% of the asking price. The average home that sold on the Noblesville real estate market in May 2007 was up $1.42% or $2,446 over May 2006.
Summary:
The Noblesville market is one of the only areas to post positive gains in active, pending, and sold homes in May 2007. Based on this information the Noblesville real estate market appears to be some of the healthiest in the area. As of 6/14/07, there are 770 Noblesville homes for sale and in the past 12 months 1192 homes have sold in Noblesville. This means that if no new properties are added to the market, there is a 7.75 months supply of homes on the Noblesville real estate market.
Noblesville real estate numbers year to date:
| Month | New List. | Avg. LP | Pending | Avg. LP | Closed | Avg. SP | % SP/LP | Avg DOM |
|
Jan
|
152
|
$246,967
|
73
|
$196,393
|
63
|
$151,645
|
96.00%
|
73
|
|
Feb
|
118
|
$241,505
|
54
|
$186,348
|
74
|
$176,381
|
97.00%
|
85
|
|
March
|
209
|
$284,572
|
85
|
$205,514
|
79
|
$162,267
|
97.00%
|
90
|
|
April
|
193
|
$255,243
|
87
|
$228,497
|
99
|
$167,881
|
97.00%
|
67
|
|
May
|
197
|
$277,996
|
74
|
$200,265
|
104
|
$174,922
|
96.00%
|
75
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
869
|
$261,257
|
373
|
$203,403
|
419
|
$166,619
|
96.60%
|
78
|
* Sold numbers are calculated on homes sold in Noblesville under $500,000.
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Date: Friday, July, 6th 2007 @ 09:49:41 AMViews: 332
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