Indianapolis Home Sales
Indianapolis offers the most affordable housing in the nation, according to CNNMoney. You can read the full story here. I don’t know what the criteria was for determining the most affordable cities to buy a home. It appears to be based on income, average home sale prices and affordability score. The article states the median home price in Indianapolis is $107,000, which is about right. Median home price indicates the number at which as many homes sold above the median price as there were homes sold below the median price. I’m not sure what the end date was for the...
There are currently 7620 homes for sale in Indianapolis in Marion County. Sales were up in December compared to November, with 100 more homes sold in December. There were 803 homes sold in December which represents 10.5% of the current inventory. Last month sales equaled 8.8% of the inventory. Township Active Sold Average Price Highest Price Wayne 915 98 $58,653 $169,000 Pike 674 62 $84,782 $292,000 Washington 1143 102 $167,347 $1,000,000 Lawrence 901 107 $111,168 $935,000 Warren 974 115 $60,101 $256,000 Franklin 503 53 $118,846 $325,000 Perry 580 75 $95,811 $373,000 Decatur 201 36 $77,135 $157,000 Beech Grove 68...
Ever wonder why words packaged in threes make more sense. I don’t have the answer, but the title would not sound the same if I stopped at two. Now that’s out of the way – here’s the start for the NUMBERS. By the end of the weekend, I hope to have my monthly and yearly compulations posted. These numbers are for all of Indianapolis area served by our local real estate board for the month of December. Once I have all areas complete, we will see how the numbers change for different areas and towns. Number of Transactions – Properties Sold...
Soon, I’ll start pulling together the information for both December 2008 market reports and the year on year comparisons. Last month I started a comparison report for 2007 vs. 2008 of home values and percentages of foreclosures versus the number of homes sold. As December data continues to come in, I will adjust the numbers mid-month. The first column in each category is for 2007 and the second column -2008. A few observations: Well, all I can say is – there are a lot of foreclosures out there which are affecting the average price and the number of resale homes...
The real estate market in the Metropolitan Indianapolis area has slowed to a crawl over the last few months. In October there were 1970 sales; this month slowed again to 1610 sales, compared to 2219 sales in November 2007. Active Homes: There are currently 19,118 active homes and condos for sale The average price of homes for sale is $201,767. The average days on market for active homes is 147 days Sold Homes: There were 1610 homes and condos sold in November The average price of sold homes was $125,932 The average days on market for sold homes was 92...
There are currently 7990 homes for sale in Indianapolis in Marion County. Across the board there are fewer homes on the market along with fewer sales in general. Wayne Township and Center NE both increased the number of sales over last month. There were 703 property sales in November which represents 8.8% of the current inventory. Last month sales equaled 9.4% of the inventory. Township Active Sold Average Price Highest Price Wayne 965 123 $56,828 $215,000 Pike 689 65 $127,425 $850,000 Washington 1147 109 $194,927 $2,200,000 Lawrence 999 86 $112,930 $629,500 Warren 976 84 $66,636 $185,000 Franklin 527...
The numbers are in and I have completed the Market Reports for the Indianapolis area. October again posted less inventory and subsequently less sales than September. There were 1970 total units sold in the Metropolitan Indianapolis Board of Realtors (MIBOR) service area. Of these 1970 properties sold, 555 were distressed sales. 275 of the distressed sale properties were sold for less than $50,000. These numbers do not necessarily reflect what is happening in every city, town or neighborhood in the Indianapolis area. To view specific market reports of interest, click on the corresponding link. All market reports are for October 2008. Fishers...
There are currently 8553 homes for sale in Indianapolis in Marion County. This is down from lasts months 9138 active properties. There were 810 sold properties, compared to 920 last month. The largest number of sales were in Wayne and Washington Townships. Township Active Sold Average Price Highest Price Wayne 992 118 $54,579 $183,000 Pike 743 82 $121,705 $635,000 Washington 1253 113 $169,009 $600,000 Lawrence 1063 100 $153,020 $1,165,000 Warren 1042 97 $62,768 $190,000 Franklin 539 54 $140,816 $360,000 Perry 652 65 $108,154 $444,100 Decatur 257 31 $82,686 $154,900 Beech Grove 94 19 $83,600 $125,000...
