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Indianapolis Real Estate Report -Pike Township- September 2008

By
Real Estate Agent with Red Door Real Estate

Here is a look at what happened for Pike Township homes under $500,000 in September 2008:

 
2007
2008
% Change
Active
N/A
769
Homes Sold
102
87
-15%
Average Selling Price
$127,162

$110,181

-13%
Days on Market
93
94
1%
Price Per Square Foot
$75
$64
-15%

Pike Township did have as good of a month as Washington Township in September. We are still seeing a 15% decrease in the number of homes sold as well as a double digit decrease in the average selling price over last year. There are currently 769 homes on the market in Pike Township with an average asking price of $140, 212. In the past 12 months, 1034 homes have sold in Pike; this means there is an 8.92 months supply of homes on the market in Pike Township.

If you are looking for a home in Pike Township, please visit our real estate in Indianapolis website for more information and to search the Indianapolis MLS for all homes for sale. If you are looking at the northern portion of Pike, you may also want to look at Zionsville real estate and homes for sale.