Active:
There are currently 653 Fishers homes on the market with an average asking price of $230,048. The average home is listed for $101 per square foot and has been on the market for 94 days.
Sold:
November 2007 had 98 homes sell on the Fishers real estate market with an average selling price of $201,071. The average home sold for $91/ square foot and was on the market for 88 days. November 2006 saw 133 homes sell with an average selling price of $211,036. The average home in November 2006 sold for $95 per square foot and took 64 days to sell.
Obviously November was not a stellar month for the Fishers real estate market. The number of units sold was down 26% while the average selling price was also down by 4.72%. There is a silver lining though, the absorption rate (current supply of homes on the market) for the Fishers real estate market is very low at 4.74.
Everything I have read, study, and am experiencing is telling me that Fishers real estate is poised for a comeback in 2008. I don’t think it going to be out of control or crazy, but I do believe we will see a nice steady increase in both activity and price this coming year.
If you are looking at Fishers real estate, you might also be interested in Carmel real estate or Noblesville real estate.
All figures are based on Fishers homes under $500,000.
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