Here is a look at what happened on the Westfield real estate market for October 2009:

For some reason, we are not seeing the big shift in numbers in Westfield like we are seeing in other areas that are inevitably linked to the tax credit. The number of homes sold is better than the YTD average but it is still less than last year which is a shock because we have seen other areas show dramatic swings in their numbers.
If you are looking to buy or sell a home, please visit our Westfield Indiana real estate or our Indianapolis real estate website for more information and to search all homes for sale. You may be interested in either Maple Knoll Westfield or Merrimac homes in Westfield, two of Westfield’s most popular subdivisions.

Here are the numbers for real estate in Noblesville for October 2009:

We see a huge jump in the number of homes sold over and a pretty big price decrease over the same time last year. Both of these fluctuations can probably be attributed to the then impending tax credit expiration. The number of homes sold going up is a pretty obvious connection to the tax credit. The average sales price going down is likely that the tax credit pushed many more first time home buyers into the market who purchased homes at a lower price point and thus lower the average sales price.
All in all, the Noblesville real estate market seems to do just fine. If you are considering buying or selling a home in Noblesville feel free to visit our Indianapolis homes website. You may also be interested Deer Path Noblesville one of the area’s most popular and most affordable area or Sagamore homes for sale in Noblesville one the area’s most exclusive neighborhoods.

Here are the numbers for all homes in Indianapolis that are active, pending, and sold in October 2009:

As one might expect with the then impending deadline of the tax credit, we see a huge jump in the number of homes sold from this time last year. The average sales price stayed pretty much the same which is an improvement over the 3% decline we have seen on average. Days on the market were down and both price per square foot and listing price to sales price were up. This is all great, however, as I have cautioned before these could be, and probably are, are somewhat false reading of the true market. The tax credit expiring really pushed a ton of people into the market over the last couple of months and this will have an effect on the numbers. I am cautiously optimistic about the Indianapolis real estate market at this point.
If you are looking to buy or sell a home the Indianapolis area, please visit either one of our websites above. You may also want to visit our Indianapolis real estate blog or maybe even our Broad Ripple real estate website.

Here is a look at the Carmel IN real estate market for October 2009:

Do you see what I see??? Holy shift in numbers…a 70% increase in the number of homes sold and a 13% increase in the average selling price!!! Wow! I really did not expect to see this kind of swing in the Carmel area. I don’t know if it the tax credit or what, but it would reason that areas like Noblesville or Fishers would be better candidates for swings like this. Well, I am not complaining just shocked. This is great news but as always let’s take it with a grain of salt and see how the market does over the next couple of months before we start celebrating too much.
If you are looking to buy or sell a home, please visit our Carmel homes for sale website for more information or our Carmel Indiana subdivisions page. You might also want to visit our Indianapolis real estate website for more info.

Here is what happened for real estate in Fishers Indiana for October 2009:

Well, considering the tax credit coming to an end; I expected to see a big increase in these numbers. I might be able to justify a decrease in the average sales price because the first time home buyer should be purchasing the less expensive homes on the market. However, I am shocked to see a decrease in the number of homes. Until this tax credit crunch is behind us, we really won’t be able to get a good grasp on the market.
If you are look to buy or sell a home, please visit our Fishers homes for sale website for more information. You may also want to look at our Fishers Indiana neighborhoods page or our real estate in Indianapolis website.

Here is a look at what happened on the Zionsville real estate market in September 2009:

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.

Here is a look at what happened on the Zionsville real estate market in September 2009:

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.

Here is a look at what happened on the Indianapolis real estate market in September 2009:

I almost don’t want to say it, but we almost just had a good month and it appears things might be trending toward a leveling off or maybe even towards positive territory. Let’s not get too excited, the expiration of the tax credit most likely is having an effect on these numbers, but it is still great to see an increase in the average sales price in Indianapolis. I have not seen that in a long while. This could be a great sign, it just be the tax credit creating a false sense of demand. Only time will tell but for now it is looking positive for Indianapolis homes.
If you are considering purchasing a home in Indianapolis, now might be the best time. Please visit our one of our websites above or you may want be interested in Broad Ripple homes or Geist Homes as these are two of Indianapolis’ most popular areas.

Here is what happened on the Westfield Indiana real estate market for September 2009:

The number of homes sold in Westfield is significantly fewer than say Carmel or Fishers so it may be more apt to show drastic swings from month to month. Whereas last month we saw a 22% increase in the number of homes sold; this month we see a 35% decrease in the number of homes sold in Westfield. The average sales price increased 4% over last years number. YTD we are seeing a 23% decrease in the number of homes sold and actually a 1% increase in average sales price. Not too bad…considering.

If you are looking at buying or selling a home in Westfield, please visit our Westfield Indiana homes website for more information. You may want to look at some of Westfield’s most popular neighborhoods including Centennial in Westfield and Countryside homes Westfield.