Danville Real Estate Market Report - November 2008

For the month of November, there were 9 homes sold and closed in Danville compared to 11 homes sold in October. Of the 9 homes sold in November, 2 homes were distressed property sales.

• The average price of all homes sold in Danville was $160,335.
• The highest price home sold was $360,000.
• The lowest priced home sold was $88,000.
• The average Danville home sold was a three bedroom, two bath with 2103 sq. ft.

The average Days on Market for homes sold was 100 days, up from 78 days in August.

There are currently 89 available homes for sale in Danville, which gives us an absorption rate of 10.0 months.  

Average days on market and absorption rate will vary by price range. 

Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 11/1/2008 and 11/30/2008 and listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.