Indianapolis Area Real Estate Blog

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.

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

Post a Comment

Blog Archives

Posts By Category

All Categories Buyer Resources (59) Community News (37) Home and Family (36) Home Maintenance Tips (14) Homeowners (34) Homes for Sale | Listings (25) Indianapolis Things to Do (62) Indy Photo Spot (5) Lifestyle Communities (4) Local Indy (42) Market Statistics (87) Mortgage News and Info (49) Parks and Recreation (12) Random Thoughts (19) Real Estate News (73) Real Estate Terms (15) Relocation Tips (8) Seller Information (41) Upcoming Events (3)

Posts By Month

Blog Roll

Homes in Hendricks County
Grab Our RSS Feed
New Listing Alerts

Be one of the first to know when new listings matching your criteria hit the market.

Get New Listings
Relocation Guide

Find your next home and learn about neighborhoods, current market statistics, and local schools.

Free Relocation Guide
Free Market Analysis

Our free service provides you with a detailed estimate of your home's current market value.

Get a Free Market Analysis