Indianapolis Area Real Estate Blog

Indianapolis Real Estate Report - September 2008

Township

Active

Pending

Sold

Absoprtion Rate

Wayne

1077

219

127

8.4 months 

Pike

825

138

85

9.7 months

Washington

1335

165

135

9.8 months

Lawrence

1157

204

140

8.26 months 

Warren

1098

204

123

8.26 months

Franklin

561

86

74

7.5 months

Perry

707

117

109

6.4 months

Decatur

277

55

44

6.3 months

Beech Grove

99

16

15

6.6 months

Speedway

52

5

5

10.4 months

Center NE

1164

130

75

15.5 months

Center NW

213

13

10

21.3 months

Center SE

524

92

37

14.1 months

Center SW

49

14

1

49 moths

There are currently 9138 homes available in Marion County in Indianapolis. The graph breaks down the homes available by Township. There were 980 homes sold which gives us a 10.7 month supply of homes.

Of course, this does not apply to all areas or price ranges.

For instance in Center Township NE, there are 374 homes available under $50,000, while the highest priced home comes in at a cool 2 million for a luxury downtown condo at 333 Massachusetts Ave.

Since many of the downtown condos have been on the market for awhile and take much longer to sell, the average sales price, days on market and absorption rate are truly subject to neighborhood and price range. 

____________________________________________________________________________________________________________________

Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 9/1/2008 and 9/30/2008.  Available homes were active on 1/31/2009. 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 Realtor and team leader of The Home to Indy Team, serving the Indianapolis and Indianapolis real estate markets.

Contact Paula – 317–605–4174

     

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