Southern Indiana Real Estate Blog

head_left_image

Weekly Market Snapshot for Southern IN / Greater Louisville Aug 31, 2008

Hey everybody.  I hope you're all having a great Wednesday today.  With the short week I thought it was Tuesday for a second!  Anyway, here are the weekly snapshot numbers for the Southern Indiana market.  You can also view the numbers for the Greater Louisville market and the Elizabethtown / Fort Knox market by clicking here.

The numbers for Southern IN are as follows:

Active Listings Stats

  • 2,661 homes currently on the market
  • $176,885 is the average list price of those homes
  • There is currently 9.4 months of inventory*

    Last 30 Days Stats

  • 284 homes sold
  • The average sales price was $133,732
  • The Sales Price vs. List Price was 96.3%+
  • The average Days on Market was 110
  • There were 616 new listings on the market
  • There were 441 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

  • 2,834 homes sold
  • The average sales price was $132,037
  • The Sales Price vs. List Price was 96.3%+
  • The average Days on Market was 105

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Your Best Move for Southern Indiana Real Estate

Brett Mumaw REALTOR®

Semonin Realtors

3707 Charletown Rd. Suite 1A

New Albany, IN 47150

(812) 542-9057 Office

Connect with me on Facebook Connect with me on Twitter

Search for Homes

Search For Homes

Comment balloon 0 commentsBrett Mumaw • September 03 2008 11:59AM
Weekly Market Snapshot for Southern IN / Greater Louisville Aug 31,…
share
Hey everybody. I hope you're all having a great Wednesday today. With the short week I thought it was Tuesday for a second! Anyway, here are the weekly snapshot numbers for the Southern Indiana market. You can also view the numbers for the… more
Weekly Market Snapshot for Louisville / Southern Indiana Aug 24, 2008
share
Hello everyone and thanks for coming to check out my blog. I'm going to try and post this once a week so that we can all keep up with what is going on in our local market. While I will only post the Southern Indiana numbers directly on the… more
Common Home Buyer Mistakes
share
Today I'd like to talk a little about common mistakes made by first-time (and sometimes second or third-time) buyers that could easily be avoided. Below is a list taken from a really cool web site realestatechecklists. com called Common First-Time… more
Foreclosures Down 48%
share
I received an email from my CEO the other day. He likes to send out industry news or announcements etc. Anyway, his message on Friday was filled with excitement and surprise. The first part of his message was discussing an article he saw in… more
Home-Buying Myths Disspelled
share
I'd like to talk to you today about some common misconceptions about home-buying and maybe answer questions you may have about the process. Myths About Mortgages Myth : I had some debt when I was young and ruined my credit. I'll never… more
The Greatest Two Minutes in Sports.
share
The first Saturday in May and it is time for "The Run for the Roses" at Churchill Downs in the 134th Kentucky Derby This is always a special time for the Louisville area and the state of Kentucky. It is a chance to showcase the city… more
What is a Buyers' or Sellers' Market?
share
If you ever read much about real estate, chances are you might have heard the term monthly absorption rate or current monthly inventory. If you haven't heard those, I know you've heard Buyers' Market or Sellers' Market. I'm going to explain how… more
Homeowners' Insurance
share
Today I'd like to talk a little bit about homeowners' insurance. Anyone who has ever purchased a home with financing from a lender has more than likely had to deal with getting a homeowners' policy. The lender usually requires it so that they are… more
Getting the Most Money for Your Home? Price it Right!!!
share
I think the most common thing I ever hear at a listing appointment is "Well let's try at this price for a while and if it doesn't work, then we'll take it down a little bit". More than likely, this listing is doomed before it even gets… more
What is Title Insurance and Why do you Need It?
share
First of all let's go over what the title is. The title is a document filed at the courthouse that verifies your legal right to own your new home. Whenever you purchase your home, a title search is performed to make sure there are no errors or legal… more