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Indianapolis Real Estate - Market Report November 2009

By
Real Estate Agent with Red Door Real Estate

Here is what happened on the Indianapolis real estate market in November 2009:

 
2008
2009
% Change
Active
N/A
7002
Homes Sold
729
867
19%
Average Selling Price
$96,296
$114,441
19%
Days on Market
94
84
-11%
Price Per Square Foot
$54
$67
24%
Sales Price / List Price
89%
97%
9%


For the second straight month we have seen a double digit increase in the numbers homes sold in Indianapolis. The average sales price has also taken a huge increase this month as well. No doubt, we are still feeling the affect from the tax credit and the past threat of its expiration but I will take the good news. Once crazy stat this month is the change in list price to sales price; last year it was at 89% and this year it jumped to 97%. Let’s hope this trend continues and these numbers are not too artificial from the tax credit.
If you are looking for a home, please visit our Indianapolis homes for sale site to search all homes in the metro area. You might also want to visit our Indianapolis real estate listings page or our real estate blog about Indianapolis.

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