Market Statistics
Brownsburg Indiana Home Sales Home Sales in Brownsburg for the first quarter of 2010 were fairly equal to the number of homes sold in Brownsburg in December, however, the price point was a bit higher. Last month there were 41 sales for an average of $163,012, compared to November’s 45 sales and an average price point of $151,783. Averages don’t really mean a whole lot except when studied over a long period of time. When we factor in short sales or bank owned properties in a specific area, averages tend to skew the whole. There were 10 distressed properties sold...
The supply of newly-built homes for sales plummeted in April, a positive indicator for the Indianapolis housing market as we head into the summer months. It’s no wonder that homebuilders are breaking new ground at the fastest clip in 2 years. At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. That’s more than double the pace of a year ago. Also, as more good news, in terms of total housing units, the government reports that New Home Sales topped one half-million homes sold for the first time since May...
February proved to be a good month for home sales in Avon. The number of homes sold was up and the average days on market were down over last month. The average price point of homes sold was also down, though. This is to be expected when there were fewer number of homes sold and the fact there was a $1,000,000 home sold in Avon in January. There are currently 460 active homes for sale in Avon, which gives us an absorption rate of 11.0% or a 9 month supply of homes. January 2010 February 2010 February 2009 # Homes...
Indianapolis Real Estate seems to always be making the news. Through the bad times and the good times, we are nationally known. When we ranked in the top ten for foreclosures, the nation knew. We are known as having the most affordable housing market in the nation for a city our size. Now, Forbes has named Indianapolis as one of the best housing markets in the nation. I’m not one to beleive everything I read, but I do like the metrics used for determining the results in this article. The results take into account many factors, including, housing affordability,...
Comparing the Indianapolis real estate market from 2008 – 2009 indicates signs of recovery on the horizon. As we track the number of home sales, the first half of 2009 was well below the number of sales of 2008. In July, the sales equaled 2009 and with the exception of December. the number of home sales for the last half of 2009 exceeded the homes sold in 2008. Consequently, the average home price in Indianapolis in 2009 also stepped into pace with 2008 home prices in July and stayed consistent for the next few months. By the end of 2009, the...
