The Fishers real estate market is reporting relatively the same numbers as the rest of Indianapolis; a decrease in the amount of homes sold and a very slight decrease in the average sold price.
In September 2007, 110 homes sold on the Fishers real estate market with an average selling price of $210,941. In September 2006, 128 Fishers homes sold with an average selling price of $205,293. This represents a 14% decline in the number of homes sold and 1% decrease in the average sales price over 2006. The average price per square foot was $96 in 2007 and $97 in 2006.
As of today, there are 796 Fishers homes on the market with an average asking price of $318,158. Over the past twelve months, 1665 houses in Fishers sold ; this means that if no new homes were added to the market there is a 5.73 months supply of homes on the market.
These numbers are obviously nothing to jump up and down about, but there are a couple of pieces of good news in there. First, a 5.73 months supply of homes is not that bad at all. Secondly, take a look at what is currently on the market; the average asking price for a Fishers home is $310,000. That is an enormous increase over the average sold home for this month.
While this is a tough time to sell your home, it represents a great time to purchase a new Fishers home. If you are interested in purchasing a home in Fishers, please contact Mike Taylor at Rebate Real Estate to learn more about the market and find out how you can qualify for a 50% commission rebate. You can also access the MLS through our website and search all Fishers homes for sale.
All figures are based on homes sold in Fishers for under $500,000.
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