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        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/tags/fishers-homes-for-sale/</link>
        <description>A local Indianapolis real estate blog by Red Door Real Estate keeping you up to date on all Indianapolis and surrounding areas real estate news.</description>
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            <guid>http://www.reddoorindy.com/blog/fishers-indiana-homes-market-report-march-2011.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-homes-market-report-march-2011.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Homes - Market Report - March 2011</title>
            <description> <![CDATA[ 
Now that we have seen the Carmel and Indianapolis reports, time to see how Fishers Indiana homes for sale compared in March 2011.  Here is a look at the month of March in detail:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      

N/A


      

632


      




    
    
      
Homes Sold

      

132


      

91


      

-31%


    
    
      
Average Selling Price

      

$204,279 


      

$214,983 


      

5%


    
    
      
Days on Market

      

82 


      

87 


      

6%


    
    
      
Price Per Square Foot

      

$90 


      

$94 


      

4%


    
    
      
Sales Price / List Price 

      

96%


      

95%


      

-1%


    
  



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And a year to date look:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
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&nbsp;

      

2009


      

2010


      
2011

      

% Change


      

2009


      

2010


      
2011

      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
Jan.

      

67


      

62


      

46


      

-26%


      

$205,432


      

$230,595


      

$198,902


      

-14%


    
    
      
Feb.

      

79


      

75


      

53


      

-29%


      

$207,417


      

$193,646


      

$229,899


      

19%


    
    
      
March

      

113


      

131


      

91


      

-31%


      

$188,454


      

$204,874


      

$214,983


      

5%


    
    
      
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And an average sales price graph:





In Fishers, we see the more general trend for the Indianapolis area; a decrease in sales activity and an increase in average sales price.  This month in Fishers we saw a 31% decrease in the number of homes sold and a 5% increase in average sales price.  Again, the decrease in sales activity is no doubt affected by the 2010 tax credit pushing loads of extra buyers into the market last year.  It is encouraging though that we are still seeing enough demand to see a steady increase in sales price.  The absorption rate, or number of months supply of homes, stands at a very healthy 6.3 for the Fishers real estate market.  Overall, the Fishers market looks pretty strong so far this year.  The decreased sales activity is expected and the fundamentals appear to be quite solid.  I am hopefully we will see a good year in 2011 for Fishers.


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 ]]> </description>
            <pubDate>Mon, 11 Apr 2011 11:34:41 -0400</pubDate>
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