Noblesville Homes For Sale Market Report February 2012
Posted by Mike Taylor on Friday, March 16th, 2012 at 1:11pm.Today let’s take a look at how the Noblesville homes for sale market is doing in 2012 so far. Here are some detailed number for homes sold in Noblesville Indiana for February 2012:
2011 |
2012 |
% Change |
|
| Active | N/A |
543 |
|
| Homes Sold | 59 |
58 |
-2% |
| Average Selling Price | $158,622 |
$158,773 |
0% |
| Days on Market | 128 |
105 |
-18% |
| Price Per Square Foot | $70 |
$78 |
11% |
| Sales Price / List Price | 96% |
95% |
-1% |
And our 3 year chart with YTD information for Noblesville Indiana:
Number of Homes Sold |
|
Average Sales Price |
||||||
2010 |
2011 |
2012 | % Change |
2010 |
2011 |
2012 |
% Change |
|
|
|
|
|
|
|
|
|||
| Jan. | 40 | 50 | 67 | 34% | $165,004 | $173,774 | $168,702 | -3% |
| Feb. | 79 | 59 | 58 | -2% | $179,219 | $158,622 | $158,773 | 0% |
| March | 109 | 68 | $165,550 | $167,254 | ||||
| April | 124 | 93 | $170,073 | $177,989 | ||||
| May | 129 | 105 | $174,792 | $195,022 | ||||
| June | 110 | 96 | $187,358 | $190,528 | ||||
| July | 71 | 76 | $217,593 | $189,303 | ||||
| Aug. | 89 | 116 | $190,998 | $182,668 | ||||
| Sept. | 80 | 71 | $164,720 | $168,678 | ||||
| Oct. | 67 | 66 | $200,645 | $198,173 | ||||
| Nov. | 79 | 52 | $170,896 | $178,348 | ||||
| Dec. | ||||||||
| Totals | 977 | 852 | 125 | $168,217 | $181,512 | 6.86% | -9 | |
And our price graph:
The Noblesville Indiana real estate market is hopefully following the trend we are seeing with the other areas we have already looked at this month. January started out with a bang showing 34% more homes selling in 2012 vs. 2011. However, February backed off and the number of homes sold in February 2012 is almost exactly the same as last year. The average sales price is relatively unchanged for the 2012 market so far.
The foreclosure market in Noblesville is a bit more active than its neighbors of Fishers and Carmel. 29% of all the homes sold in Noblesville are a result of foreclosures or short sales in 2012. This is most likely due to the fact that Noblesville’s prices tend to cater to first time home buyers. Overall, the Noblesville Indiana real estate market is not bad; the absorption rate is still pretty manageable with a 6.79 month’s supply of homes currently on the market. These super low interest rates should help drive new homeowners into the market and hopefully provide a boost the market.
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