Avon Indiana Home Sales - December 2009
The Avon Indiana real estate market actually improved year over year for the month of December. More homes sold, although only by a few, the price increase is very positive, especially for homeowners who are tracking the market and want to sell their home this Spring.
I was interested to see how the numbers would pan out after November’s deluge of first time home buyers closed. Remember, the original deadline was November 30th for first time homebuyers who wanted to take advantage of the $8000.00 incentive, so many were already scheduled and closed in November.
|Avon- December 2009||#Homes Sold||Average Price||Days on Market|
Avon Home Sales 2008 vs. 2009
Foreclosure Activity in Avon
- In 2008 there were 832 homes sold in Avon with 168 sold as distressed property, which is 20.2%.
- In 2009, there were 753 homes sold in Avon with 166 sold as distressed properties, which is 22%
- We currently have 403 homes for sale in Avon and 63 distressed properties.15.6% is a much lower number to start the year with.
With 403 active Avon homes on the market, the current absorption rate is 8 months, which indicates it is still a buyer’s market. We’ll see that number reduce as we approach Spring. 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 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 Henry Group, at Keller Williams Realty, serving the Indianapolis and Avon Indiana real estate markets.