There are currently 751 homes "Active" for sale in Fishers, Indiana (Fall Creek Township and Delware Township).
127 Homes "Pended" in the last 30 days!
112 Homes "Sold" in the last 30 days ranging from $76,000 up to $926,000. The average "days on market" is 90 and the average "sales price" is $219,000.
Abosorption rate is calculated by taking the total number "Active" homes for sale and dividing by the total number of "pending" homes from the last 30 days. This gives us the total number of "months of inventory" available.
751 / 127 = 5.9 months of inventory
What can we learn from this current data? Well, first of all, 90 days on average to sell a home in today's market does not sound too bad! Second, Fishers has a higher average sales price than the Indianapolis Metro market area which is closer to $150,000.
Most importantly, you can not sell your home if it is not on the market! Contact me today if you would like more specific information about your home and neighborhood.