The Noblesville Indiana real estate market in March 2008 seems to fairing quite well considering the current market. Here is a snapshot of what happened in Noblesville for homes under $500,000:
2007 |
2008 |
% Change |
|
| Active | N/A |
596 |
|
| Homes Sold | 81 |
77 |
-5% |
| Average Selling Price | $163,864 |
$172,709 |
5% |
| Days on Market | 89 |
85 |
-4% |
| Price Per Square Foot | $97 |
$82 |
-15% |
The number of homes sold is down, but only by 5% over last year, which is phenomenal is this market. In addition to the number of homes sold, the average selling price is actually up by more than 5% over 2007. All of this and is still more good news; the average days on the market for Noblesville homes is actually down 4% over last year. With 1030 Noblesville homes selling in the past year and 643 homes currently on the market, the absorption rate for the Noblesville real estate market is at a 7.49 months supply of homes. While this is a little higher than the Fishers real estate market, 7.49 is really not that bad at all. Overall, March 2008 was a pretty good month for Noblesville real estate and hopefully an indication of more good things to come.
If you are interested in buying or selling a Noblesville home please visit our website where you can search all the homes for sale and find out about Noblesville real estate and you find all Indianapolis homes for sale. You may also want to consider looking in other areas of Hamilton County including Fishers real estate and Carmel real estate.
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