Indianapolis Real Estate Report - September 2008

There are currently 9138 homes available in Marion County in Indianapolis. The graph breaks down the homes available by Township. There were 980 homes sold which gives us a 10.7 month supply of homes.

Of course, this does not apply to all areas or price ranges.

For instance in Center Township NE, there are 374 homes available under $50,000, while the highest priced home comes in at a cool 2 million for a luxury downtown condo at 333 Massachusetts Ave.

Since many of the downtown condos have been on the market for awhile and take much longer to sell, the average sales price, days on market and absorption rate are truly subject to neighborhood and price range. 

____________________________________________________________________________________________________________________

Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 9/1/2008 and 9/30/2008.  Available homes were active on 1/31/2009. This data is reflective of homes which 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 Realtor and team leader of The Home to Indy Team, serving the Indianapolis and Indianapolis real estate markets.

Contact Paula – 317–605–4174