Here is a look at what happened on the Indianapolis real estate market in July 2009 vs. July 2008:

This is pretty predictable with the number of homes being off by 10% over last year, but the average sales price was pretty much unchanged. An unchanged sales price in Indianapolis is a good thing; for the rest of 2009 we have seen anywhere from a 1% to a 12% decrease in average sales price so a “push” is a welcome change. The YTD numbers for number of homes sold is down 14% and the average sales price is down 4%. Let’s hope we continue the trend of average sales prices increasing and get past all of this.
If you are considering purchasing a home in Indianapolis, please visit our Indianapolis real estate website to search all homes available. You might also want to visit our Broad Ripple real estate and Geist real estate sections for information on two of the most popular areas in Indy.