Avon Indiana Real Estate Market Report - November 2008
For the month of November, there were 49 homes sold and closed in Avon, compared to 39 homes sold in October. Of the 49 homes sold in November, 13 were homes which were distressed sales; 12 were bank owned and 1 was sold as a short sale.
These are the exact same numbers as last month, which indicates a smaller percentage of homes sold were distress sales.
- The average price of all homes sold in Avon was $140,268
- The Median price was $137,000.
- The highest price home sold was $235,000.
- The lowest priced home sold was $75,006.
- The average Avon home sold was a three bedroom, two bath with 2105 square feet.
The average Days on Market for homes sold was 92 days, up from 82 days last month. Median days on market was 52 days.
There are currently 397 homes available for sale in Avon, which gives us an absorption rate of 8.1 months. Average days on market and absorption rate will vary by price range.
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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. 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.
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