Southern Indiana Real Estate Blog


Southern Indiana Real Estate Market Report 9/14/08

Greetings everyone.  Well what a week here in Southern Indiana.  I know there are a lot of people still without power (including myself).  Unlike most of you though, I still have power running to my house. With that said, we decided to turn it off in the house because our electrical box was pulled off the house by a tree limb.  So while most people are waiting for Duke Energy to turn their power on, I'm waiting for them to turn it off!  That sounds crazy doesn't it?

Anyway, I didn't want to miss putting up the numbers for this week.  Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.

The numbers for Southern IN are as follows as of Sunday, September 14, 2008:

Active Listings Stats

  • 2,615 homes currently on the market
  • $174,512 is the average list price of those homes
  • There is currently 14.5 months of inventory*

    Last 30 Days Stats

  • 181 homes sold
  • The average sales price was $125,916
  • The Sales Price vs. List Price was 96.5%+
  • The average Days on Market was 115
  • There were 481 new listings on the market
  • There were 380 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

  • 2,794 homes sold
  • The average sales price was $131,051
  • 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

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Comment balloon 0 commentsBrett Mumaw • September 17 2008 08:56AM