A quick look at what happened on the real estate market in October 2008 with Noblesville homes for sale under $500,000:
2007 |
2008 |
% Change |
|
| Active | N/A |
586 |
|
| Homes Sold | 80 |
59 |
-26% |
| Average Selling Price | $169,486 |
$179,931 |
6% |
| Days on Market | 77 |
80 |
4% |
| Price Per Square Foot | $83 |
$86 |
4% |
With the number of homes sold being off by 26%, I think we are seeing the affect of the Down Payment Assistance that Cindy pointed out in my last post. Noblesville is likely even more susceptible to an impact from the elimination DPA than Fishers due to its lower price point.
Overall though, Noblesville is still not in bad shape with the YTD numbers showing a 12% decrease in the number of homes sold and only 3.86% decrease in average sales price. In this market, that is actually pretty good.
If you are considering purchasing a home, please visit our real estate in Indianapolis website for more info on Noblesville and the surrounding areas. You may also want to consider Fishers homes if you are looking at Noblesville.
Comments(0)