Fishers Indiana Homes for Sale - Market Report November 2011
Posted by Mike Taylor on Friday, December 9th, 2011 at 7:21am.Time to update our Fishers Indiana homes for sale market report for November 2011:
2010 |
2011 |
% Change |
|
| Active | N/A | 571 | |
| Homes Sold | 76 | 61 | -20% |
| Average Selling Price | $227,047 | $226,631 | 0% |
| Days on Market | 95 | 111 | 17% |
| Price Per Square Foot | $94 | $93 | -1% |
| Sales Price / List Price | 96% | 96% | 0% |
As always some YTD perspective:
Number of Homes Sold |
|
Average Sales Price |
||||||
2009 |
2010 |
2011 | % Change |
2009 |
2010 |
2011 | % Change |
|
|
|
|
|
|
|
|
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| Jan. | 67 | 62 | 46 | -26% | $205,432 | $230,595 | $198,902 | -14% |
| Feb. | 79 | 75 | 53 | -29% | $207,417 | $193,646 | $229,899 | 19% |
| March | 113 | 131 | 91 | -31% | $188,454 | $204,874 | $214,983 | 5% |
| April | 124 | 155 | 105 | -32% | $186,470 | $203,055 | $192,547 | -5% |
| May | 159 | 153 | 146 | -5% | $212,962 | $199,209 | $204,888 | 3% |
| June | 157 | 150 | 151 | 1% | $218,264 | $216,551 | $212,265 | -2% |
| July | 154 | 86 | 151 | 76% | $204,313 | $229,578 | $239,028 | 4% |
| Aug. | 151 | 113 | 136 | 20% | $212,850 | $219,962 | $235,369 | 7% |
| Sept. | 138 | 92 | 120 | 30% | $231,668 | $217,698 | $216,277 | -1% |
| Oct. | 120 | 104 | 89 | -14% | $215,546 | $254,123 | $262,495 | 3% |
| Nov. | 113 | 76 | 61 | -20% | $193,180 | $227,047 | $226,631 | 0% |
| Dec. | #DIV/0! | #DIV/0! | ||||||
| Totals | 1,375 | 1,197 | 1,149 | -4.18% | $207,975 | $215,878 | $221,344 | 2.53% |
And the 3 year price graph for Fishers real estate:
November ended up being sort of a good news, bad news type month for the Fishers Indiana real estate market. The number of homes sold in Fishers is off by a pretty significant 20% but the average sales price is relatively unchanged for the month. If you pull back and look at the YTD stats, the picture actually looks even better: the number of homes sold is only 4% for the year and average sales price is actually up 2.5% over last year for Fishers Indiana homes. The fundamentals are strong too for the Fishers market with a very reasonable absorption rate of 5.5 and only 14% of the homes being “distressed” Fishers is positioned just fine for the time being.
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