Southern Indiana Real Estate Blog

head_left_image

Southern Indiana Real Estate Market Report 10/5/08

Hello everyone.  Big news this week with the announcement of the bailout.  I think I'm going to reserve judgement for a while to see how the whole thing plays out.  I will say again that this is an excellent market to buy in.  There are opportunites all over the place and if you were on the fence about whether or not to do it, my only question is what you are waiting for?  Give me a call if you would like to discuss this issue further or if you know anyone who could be in the market.

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, October 5, 2008:

Active Listings Stats

  • 2,544 homes currently on the market
  • $173,982 is the average list price of those homes
  • There is currently 12.2 months of inventory*

    Last 30 Days Stats

  • 208 homes sold
  • The average sales price was $128,593
  • The Sales Price vs. List Price was 97.2%+
  • The average Days on Market was 108
  • There were 418 new listings on the market
  • There were 413 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

  • 2,779 homes sold
  • The average sales price was $131,036
  • The Sales Price vs. List Price was 96.4%+
  • 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 1 commentBrett Mumaw • October 08 2008 10:46AM

Comments

The 12 month inventory is not good. Hope your market will improve . Good luck.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 12 years ago

Participate