Fishers Real Estate Market Report - October 2008

For the month of October, there were 91 homes sold and closed in Fishers, compared to 150 homes sold in September. Of the 91 homes sold in October, 12 were homes which were distressed sales; 9 were bank owned and 3 were sold as a short sale.

The highest price home sold was $735,000. for a home with five bedrooms, seven bathrooms and 4514 square feet.

The lowest priced home sold was $76,900. for a two bedroom, two bath home with 1065 square feet.

The average Fishers home sold was a three bedroom, two bath with 2293 square feet.

The average Days on Market for homes sold was 94 days, up from 75 days last month.

There are currently 743 available homes for sale in Fishers, which gives us an absorption rate of 8.1 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 Fishers homes which were sold between 10/1/2008 and 10/31/2008. 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.

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 Fishers Indiana real estate markets.

Call Paula - 317–605–4174