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:

indianapolis indiana homes for sale february 2012

 

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.