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Zionsville Real Estate - Market Report - July 2009

By
Real Estate Agent with Red Door Real Estate

The Zionsville real estate market report for July 2009:

 
2008
2009
% Change
Active
N/A
353
Homes Sold
51
35
-31%
Average Selling Price
$383,384

$315,656

-18%
Days on Market
98
102
4%
Price Per Square Foot
$124
$119
1%

If we could just pretend that July didn’t exist in the Zionsville housing market, I would be OK with that:) Zionsville has been all over the map this year as far as number of homes sold and average sales price. In large part, these wild shifts come from only having 30 - 50 homes sell each month. In this case it makes sense to look at the YTD numbers which paint a far better picture showing a 1% increase in the average sale price. The number of homes sold in Zionsville is still down on the YTD numbers, but only 21% and not the 31% from July. The thing that concerns me about Zionsville real estate is the absorption rate is high at 11.45.
If you are thinking about buying or selling a home, please visit our Zionsville homes website to search all homes available. You may also be interested in looking at some Zionsville’s most popular neighborhoods including Stonegate Zionsville and Thornhill homes Zionsville

 

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