Indianapolis Area Real Estate Market Report October 2008

The numbers are in and I have completed the Market Reports for the Indianapolis area. October again posted less inventory and subsequently less sales than September.

There were 1970 total units sold in the Metropolitan Indianapolis Board of Realtors (MIBOR) service area. Of these 1970 properties sold, 555 were distressed sales. 275 of the distressed sale properties were sold for less than $50,000.

These numbers do not necessarily reflect what is happening in every city, town or neighborhood in the Indianapolis area.

To view specific market reports of interest, click on the corresponding link. All market reports are for October 2008.

• Fishers Indiana Market Report
• Carmel Indiana Market Report
• Indianapolis Market Report
• Traders Point Market Report
• Eagle Creek Market Report
• Avon Indiana Market Report
• Brownsburg Indiana Market Report
• Plainfield Indiana Market Report
• Zionsville Indiana Market Report

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 sold between 10/1/2008 and 10/31/2008.  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 real estate agent and team leader of The Home to Indy Team, serving the Indianapolis real estate markets.

Contact Paula – 317–605–4174