Indianapolis homes - Market Report - April 2011
Posted by Mike Taylor on Friday, May 6th, 2011 at 9:38amTime 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.
