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Market Report for July 2008 for Indianapolis Indiana

By
Real Estate Agent with Keller Williams Indy NE 317-290-7775 www.marchantteam.com

Lawrence Township Real Estate Market Report-July 2008

Lawrence Township is located within Marion County in Indianapolis on the Northeast side of Indy.

Active Single Family Homes              1140

Homes sold in July 2008                   106

Average Sales Price                  $170,575.00

Average Days on Market                   221

Neighborhoods w/most sold       Glicks, Moorings and Admirals

The Marion County area covers a broad range of income/demographics; to help you better understand this market please see table below:

Homes sold for less than $100,000 in July            32

Homes sold for between $100,001 and 200,000    47

Homes sold for between $200,001 and 300,000    16

Homes sold for more than $300,001                    11

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Gary Barnett
Home Matters - Indianapolis, IN
Home Matters Property Stylist Group, Indianapolis

Cindy, thanks for the information.  These are some staggering numbers.  Do you know what the number is for expired listings?  With these numbers it has to be running off of the charts.  Thanks again.

Aug 04, 2008 01:44 AM
Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Hi, and this is just Lawrence Township!  In all of metro Indy we run about 300 new listings a week!  We typically pend about 100 a week; last year we had some slow months of only about 70.  Of those 1,140 active lisings, 370 of them were listed prior to 5/1/08 so well over 90 days on the market. 

I love statistics, I was an accountant in a previous life (20 years of it!).

 

Aug 04, 2008 01:59 AM