Here is what happened on the Greenwood Indiana real estate market in September 2008 for homes under $500,000:
2007 |
2008 |
% Change |
|
| Active | N/A |
725 |
|
| Homes Sold | 94 |
75 |
-20% |
| Average Selling Price | $156,425 |
$150,222 |
-4% |
| Days on Market | 82 |
74 |
-10% |
| Price Per Square Foot | $82 |
$76 |
-7% |
Pretty much the same trends but with an improvement in the average sales price for this month. The number of homes sold is still down pretty significantly over last year with a 20% decrease. The average selling price is down, but only 4% as compared to last year. The good news is that it appears homes are actually selling quicker this year as compared to last taking 10% or 8 days less to sell a home this year. There are 725 homes currently on the market and 1066 have sold in the past 12 months; this means there is currently an 8.16 months supply of homes on the market. While this is not terrible, others areas markets in Indy like Carmel real estate and Fishers Indiana homes are showing a lower supply of homes on the market.
If you are considering purchasing a home in the Greenwood area, please visit our Indianapolis Homes website to search for all available homes for sale.
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