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Plainfield Indiana Market Report - October 2008

Posted By Paula Henry on Sunday, November 23, 2008 6:20:00 PM | 0 Comments

For the month of October, there were 25 homes sold and closed in Plainfield, the same as the number of homes sold in September. Of the 25 homes sold in October, 6 were homes which were bank owned. There are currently 21 homes available which are either bank owned or short sale properties.

The highest price home sold was $430,000. for a five bedroom, five bath and 3676 square foot home.

The lowest priced home sold was $37,000. for a home with two bedrooms, one bath and 1192 square feet.

The average Plainfield home sold was a three bedroom, two bath with 1884 square feet.

The average Days on Market for homes sold was 60 days, down from 78 days last month.

There are currently 187 homes available for sale in Plainfield, which gives us an absorption rate of 7.4 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 Plainfield Homes which were sold between 10/1/2008 and 10/31/2008 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 Plainfield Indiana real estate markets.

Call Paula - 317–605–4174