Indianapolis homes - Market Report - April 2011
Posted by Mike Taylor on Friday, May 6th, 2011 at 9:38am.Time to look at how the Indianapolis real estate market did in April 2011:.
2010 |
2011 |
% Change |
|
| Active | N/A | 9060 | |
| Homes Sold | 1108 | 765 | -31% |
| Average Selling Price | $114,841 | $117,950 | 3% |
| Days on Market | 82 | 101 | 23% |
| Price Per Square Foot | $66 | $62 | -6% |
| Sales Price / List Price | 95% |
94% |
-1% |
The YTD numbers:
Number of Homes Sold |
|
Average Sales Price |
||||||
2009 |
2010 |
2011 | % Change |
2009 |
2010 |
2011 | % Change |
|
|
|
|
|
|
|
|
|||
| Jan. | 639 | 563 | 459 | -18% | $84,007 | $91,072 | $106,543 | 17% |
| Feb. | 657 |
669 |
549 |
-18% |
$88,284 |
$113,889 |
$103,395 |
-9% |
| March | 872 |
995 |
697 |
-30% |
$99,974 |
$111,683 |
$98,987 |
-11% |
| April | 908 |
1,103 |
765 |
-31% |
$93,714 |
$114,745 |
$117,950 |
3% |
And the price graph:
Overall, the number of Indianapolis homes that sold in April 2011 is significantly down over 2010 with 30% fewer homes selling this year versus last. The average selling price took turn in the right direction this month after two pretty lousy months in February and March. The % of Indianapolis homes that sold that were distressed increased from 34% to 37% in April 2011 which is not a great sign but not unexpected. The banks are due to dump their inventory this year and we should see this trend continue over the course of the year.
Related Links
Print
ShareBe the first to comment on this blog entry!
