Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results

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
ActiveN/A571
Homes Sold7661-20%
Average Selling Price$227,047$226,6310%
Days on Market9511117%
Price Per Square Foot$94$93-1%
Sales Price / List Price96%96%0%


As always some YTD perspective:

 
Number of Homes Sold

Average Sales Price
 
         
 
2009
2010
2011
% Change
2009
2010
2011
% Change
 


 



 

Jan.676246-26%$205,432$230,595$198,902-14%
Feb.797553-29%$207,417$193,646$229,89919%
March11313191-31%$188,454$204,874$214,9835%
April124155105-32%$186,470$203,055$192,547-5%
May159153146-5%$212,962$199,209$204,8883%
June1571501511%$218,264$216,551$212,265-2%
July1548615176%$204,313$229,578$239,0284%
Aug.15111313620%$212,850$219,962$235,3697%
Sept.1389212030%$231,668$217,698$216,277-1%
Oct.12010489-14%$215,546$254,123$262,4953%
Nov.1137661-20%$193,180$227,047$226,6310%
Dec.#DIV/0!#DIV/0!
Totals1,3751,1971,149-4.18%$207,975$215,878$221,3442.53%


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.

Related Links

Be the first to comment on this blog entry!


Leave a Comment