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
 


 



 

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.