Lafayette Indiana May Market Statistics

By
Real Estate Agent with The Romanski Group/ Keller Williams Realty

May 2008 Residential Market Statistics for the Greater Lafayette, Indiana area!  

*Information resource: Lafayette Multiple Listing Service      

 

Market Statistics Residential MLS
Statistics for: Date Range=05/01/2008-05/31/2008
 
Class Bedrooms Current     Active Avg List Price      Avg DOM
RS         All            1,848     $165,827                       125  
 
Class Bedrooms Total Listed   Num Sold   Pct Sold    Avg List Price   Sold Avg Sale Price
RS     All              488               264            54.10%    $135,209         $129,842  

Sold Sale Price/List Price Ratio     Avg DOM    Sold Avg List Price       Unsold Pct Expired
96.03%                                           84                 $136,985                   18.03%  

Based on this information the average days on the market for sold properties is 84.   The average sold list price is $136,985   Approximately 54% of homes on the market are selling currently at an average of 95% of list price.  That means nearly 46% of homes on the market are not selling.  

Pricing is key in this type of a market to get your home sold!  The Romanski Group's average days on market for Sold homes is 47!  Of our 4 most recent listings that have received accepted offers our average days on the market has just been 10!
 

Call The Romanski Group today for an honest assessment of your homes value and Get Sold with The Romanski Group - (765) 532-6148.

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mls statistics
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west lafayette indiana
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Rainer
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James Wexler
wexzilla.com - Scottsdale, AZ

Erin

Great piece.   I really like to follow activity in various markets.  It seems like your market can absorb an inventory with a modest price decrease.  In AZ we are struggling a bit more as I would imagine we have more foreclosures in our area.  That being said.  These homes will sell if they are priced correctly.

by the way, Do you have an outside blog that I can add to my Blogroll ?

Thanks and look forward to reading your thoughts on the world of real estate.

Jun 14, 2008 05:58 PM #1
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Rainer
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The Romanski Group

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