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 - Market Report - March 2011

Posted by Mike Taylor on Monday, April 11th, 2011 at 11:34am.

Now that we have seen the Carmel and Indianapolis reports, time to see how Fishers Indiana homes for sale compared in March 2011. Here is a look at the month of March in detail:

 
2010
2011
% Change
Active
N/A
632

Homes Sold
132
91
-31%
Average Selling Price
$204,279
$214,983
5%
Days on Market
82
87
6%
Price Per Square Foot
$90
$94
4%
Sales Price / List Price
96%
95%
-1%

 

And a year to date look:

 
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%
 


 



 

 

And an average sales price graph:

In Fishers, we see the more general trend for the Indianapolis area; a decrease in sales activity and an increase in average sales price. This month in Fishers we saw a 31% decrease in the number of homes sold and a 5% increase in average sales price. Again, the decrease in sales activity is no doubt affected by the 2010 tax credit pushing loads of extra buyers into the market last year. It is encouraging though that we are still seeing enough demand to see a steady increase in sales price. The absorption rate, or number of months supply of homes, stands at a very healthy 6.3 for the Fishers real estate market. Overall, the Fishers market looks pretty strong so far this year. The decreased sales activity is expected and the fundamentals appear to be quite solid. I am hopefully we will see a good year in 2011 for Fishers.

 

 

 

 

Related Links
Blog Tags

Be the first to comment on this blog entry!


Leave a Comment