The Greenwood Indiana real estate market still doesn’t seem to be showing any signs of recover just yet. The number of homes sold is down and the average sales price is also down. Here is a look at what happened on the Greenwood real estate market for homes under $500,000 in April 2008:
2007 |
2008 |
% Change |
|
| Active | N/A |
736 |
|
| Homes Sold | 101 |
73 |
-28% |
| Average Selling Price | $164,688 |
$148,722 |
-10% |
| Days on Market | 75 |
73 |
-3% |
| Price Per Square Foot | $84 |
$79 |
-6% |
The number of homes sold is down 28% over last year and the average sales price is also down 10%. Not good. The only good news is that the average days on the market is actually down over last year; taking 3% less time to sell a home. Greenwood has 736 homes currently on the market and 1170 homes sold over the past 12 months; this means there is currently a 7.55 months supply of homes on the market. While this is not great, it is certainly manageable but it does indicate Greenwood is still a buyers market.
If you are interested in purchasing a home in Greenwood, visit our Indianapolis real estate website where you can search all the homes for sale on the Indianapolis MLS. If you are looking for a new home, you might want to take a look at our Indianapolis new homes page to see builders that we provide a commission rebate on.
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