Southern Indiana Real Estate Blog

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Southern Indiana Real Estate Market Report 9/21/08

Hello everyone.  Thanks again for stopping by and checking out my blog.  I hope everyone's power has been restored by now and we can all start the cleanup so things can get back to normal.

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.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, September 21, 2008:

Active Listings Stats

  • 2,590 homes currently on the market
  • $173,911 is the average list price of those homes
  • There is currently 14.9 months of inventory*

    Last 30 Days Stats

  • 174 homes sold
  • The average sales price was $120,902
  • The Sales Price vs. List Price was 96.2%+
  • The average Days on Market was 115
  • There were 448 new listings on the market
  • There were 367 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

  • 2,779 homes sold
  • The average sales price was $130,707
  • 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 2 commentsBrett Mumaw • September 24 2008 09:34PM

Comments

Hi Brett, that is quite a bit of inventory you have down there!  Can you tell me what "Southern Indiana" covers?  Is Nashville, Indiana in those numbers?

Posted by Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate (Keller Williams Indy NE 317-290-7775 www.marchantteam.com) about 12 years ago

Hey Cindy.  It is mainly Clark, Floyd and Harrison Counties just across the Ohio River from Louisville.  There are a few other counties mixed in there as well, but they don't make up that much of the data.  Nashville and Brown County are listed on our MLS, but I don't think we have many SIRA members from there.  I did a quick search and there is nothing active as of right now.

Southern Indiana is a great area and it offers a nice alternative to living in Louisville.  I'm not saying there is anytihng wrong with Louisville, but I truly believe you can get more house for your money on this side of the river and still be only minutes from Louisville.

Posted by Brett Mumaw, Your Indiana Move (RE/MAX First) about 12 years ago

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