Avon Indiana Real Estate Market - November 2009
Avon Indiana Real Estate Market Report
Comparing the last two years data for Avon Indiana for the first three quarters reveals both the number of homes sold and the average price of homes sold was down year to year. The anomaly was the month of November, which I attribute to the fact many first time home buyers already had closings scheduled before the credit was extended.
I could almost contribute the lower price point in November to the first time home buyer credit, except the home prices were down last year in November, as well. When we consider the number of sales in November was up by 75% over last year, the average price point may not be as dismal as it first appears.
Considering the amount of first time home buyers in the market and the affordability of homes in Avon, it's expected there would be more lower priced homes sold in November 2009, forcing the average price point down. The fact it compares with last years sales is actually good news.
The average days on market have held fairly steady throughout the last two years.
Copyright © 2009 by Paula Henry, All Rights Reserved. *Avon Indiana Real Estate Market Report - November 2009* __________________________________________________________________________
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.
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