Southern Indiana Real Estate Blog

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Southern Indiana Real Estate Market Report 9/28/08

Hello everyone.  Thanks again for stopping by and checking out my blog.  What a week it has been.  I know there are a lot of people concerned about the market and what is going to happen.  But I have to tell you that I am really excited about some real opportunities for both buyers and sellers.  Give me a call if you would like to hear more about them.

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 28, 2008:

Active Listings Stats

  • 2,585 homes currently on the market
  • $174,422 is the average list price of those homes
  • There is currently 16.8 months of inventory*

    Last 30 Days Stats

  • 154 homes sold
  • The average sales price was $125,827
  • The Sales Price vs. List Price was 97.1%+
  • The average Days on Market was 111
  • There were 415 new listings on the market
  • There were 371 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

  • 2,743 homes sold
  • The average sales price was $131,016
  • 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 • October 01 2008 11:08AM

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