Here is a look at what happened on the Indianapolis real estate market for homes under 500K in March 2009:

As you can see, still a pretty sharp decrease in the number of homes sold since 2008. However, the average sales price is down only 3% over last year. This is a great improvement even since the beginning of the year when we saw 10% decreases in the average sales price. In addition, the absorption rate is a very reasonable 7.63 which indicates a pretty healthy housing market.
If you are considering purchasing a home in Indianapolis, visit our website to search all homes available. We have the entire MIBOR database of homes on our website. You may also want to visit our Broad Ripple real estate and/or our Geist real estate pages for more info on those areas.