Fishers Indiana Real Estate Market Report - November 2008

For the month of November, there were 75 homes sold and closed in Fishers compared to 91 homes sold in October. Of the 75 homes sold in November, 10 homes were distressed property sales.

• The average price of all homes sold in Fishers was $254,118.
• The highest price home sold was $2,000,000.
• The lowest priced home sold was $72,500.
• The average Fishers home sold was a three bedroom, three bath with 2453 sq. ft.

The average Days on Market for homes sold was 89 days, up from 94 days last month.

There are currently 843 available homes for sale in Fishers, which gives us an absorption rate of 11.2 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 sold between 11/1/2008 and 11/30/2008 and were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.

Indianapolis Real Estate Blog, written by Paula Henry, an Indianapolis real estate agent and team leader of The Home to Indy Team, serving the Indianapolis and Fishers Indiana real estate markets.