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Indinapolis Real Estate Market Report November 2011

Posted by Mike Taylor on Tuesday, December 6th, 2011 at 8:23am.

It is time to see how November treated the Indianapolis real estate market in 2011. Let’s take a look at the detailed number for the month of November 2010 vs 2011:

 
2010
2011
% Change
ActiveN/A6074
Homes Sold6106679%
Average Selling Price$115,321$120,0684%
Days on Market9110111%
Price Per Square Foot$62$632%
Sales Price / List Price93%95%2%


And our YTD numbers:

 
Number of Homes Sold

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


 



 

Jan.639563459-18%$84,007$91,072$106,54317%
Feb.657669549-18%$88,284$113,889$103,395-9%
March872995697-30%$99,974$111,683$98,987-11%
April9081,103765-31%$93,714$114,745$117,9503%
May9291,163928-20%$112,518$125,374$124,303-1%
June1,1131,1191,013-9%$115,289$126,220$123,904-2%
July1,14574489721%$114,838$121,356$127,2585%
Aug.1,06367694139%$110,872$114,445$117,8983%
Sept.1,0917818043%$109,715$111,028$126,41614%
Oct.1,11065974313%$104,331$123,017$111,193-10%
Nov.9576106679%$111,091$115,321$120,0684%
Dec.802671-100%$102,580$117,631-100%
Totals11,2869,7538,463-13.23%$105,461$116,571$117,5930.88%


And the 3 year price graph:


The Indianapolis real estate market has actually been on quite a tear the past few months. The number of homes sold is up again and the average sales price is up again. The year started off rough with some pretty terrible decreased in the number of homes sold, but has seen an increase in activity as of late. The average sales price has been up for the past several months but remain relatively unchanged year over year. Overall, not a bad report for Indianapolis home this month. Let’s hope the trend continues.

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