Pike Township Real Estate Report - October 2007

Indianapolis Real Estate News

 

Well, as promised here are the numbers for Pike Township real estate in Indianapolis.  Pike Township did better and worse than the overall Indianapolis market; with the average number of homes sold down 39% and the average selling price down 2.67%.  As you can see we have had a decrease in both the number of homes sold and the average selling price for three months straight. 

 

	Number of Homes Sold	Average Selling Price	Days on Market	SP/LP
Oct. 2007	76	$128,244	99	97%
Oct. 2006	125	$131,766	92	97%
% Change	-39%	-2.67%	7.61%

 

 

Year to date numbers:

	# of Homes Sold			Average Sales Price
	2006	2007	% Change	2006	2007	% Change
Jan.	78	88	12.82%	$122,024	$117,528	-3.68%
Feb.	93	100	7.53%	$125,944	$117,856	-6.42%
March	120	110	-8.33%	$130,148	$120,759	-7.21%
April	107	130	21.50%	$144,811	$126,137	-12.90%
May	167	141	-15.57%	$128,797	$132,288	2.71%
June	143	137	-4.20%	$129,372	$136,194	5.27%
July	99	108	9.09%	$142,284	$129,987	-8.64%
Aug.	127	102	-19.69%	$133,536	$127,920	-4.21%
Sept.	102	99	-2.94%	$135,539	$127,325	-6.06%
Oct.	125	76	-39.20%	$131,766	$128,244	-2.67%
Nov.
Dec.
Totals	1,161	1,091	-6.03%	$132,422	$126,424	-4.53%

 

As of today, there are 829 Indianapolis houses on the market in Pike Township with an average asking price of $142,046.  Over the past twelve months, 1292 home have sold in Pike; this means there is currently a 7.77 months supply of homes currently on the market. 
Now is a great time to a house in Indianapolis because the inventory is high and prices are low.  There are more buyers when spring rolls around so if you want to get a great deal on house, buy a home in the winter when sellers are more desperate.  Contact Mike Taylor at Red Door Real Estate to discuss any questions you might have or to find a great deal. 

 

 

Date: Wednesday, November, 7th 2007 @ 09:33:04 AM
Views: 552

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