Wayne Township Improves in August, 2011

The improvement was not huge in the Wayne Township real estate market, but it was there and could be felt. From a supply-demand standpoint, fewer homes on the market at this point is a good thing. In August, 2011 there were 0.7 percent fewer Wayne Township homes for sale compared to the previous month. Compared to last August’s total of 914, however, this is a much better 18.9-percent improvement. Even in a quarterly view there was improvement as the average number of home listed for sale on a per-month basis fell 19.8 percent versus this same period 1 year ago.

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Home Sales Up Across the Board in Warren Township in August, 2011

After hitting a 6-month high of 820 in May, 2011 the total number of Warren Township homes for sale has fallen in each of the ensuing months, August being no exception. Most recently, total listings fell 3 percent, from 787 in July to 763 in August. But compared to 1 year ago this stat becomes an impressive 18.6-percent decrease in total listings. Also, the Warren Township real estatemarket saw a 16.3-percent drop in the average number of homes listed for sale on a per-month basis from June through August of this year relative to this same quarter 1 year ago, when there were on average 936 homes for sale per month.

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Pike Township Market Lacks Oomph in August, 2011

The total number of Pike Township homes for sale didn’t fall much, but it did fall 1.1 percent, from 646 in July to 639 in August. Considering the market doesn’t exactly suffer from a lack of inventory this is a good thing. What’s more, compared to last August’s total of 691 this is a 7.5-percent decrease. From June through August of this year there were 5.3 percent fewer homes listed on the Pike Township real estate market on a per-month basis relative to this same quarter in 2010.

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Perry Township Pending Sales Rise 17.1 Percent in August, 2011

One bright spot for the Perry Township real estate market had to do with the fact that, compared to the previous month’s total of 646 listings, August was down 1.1 percent in this category. Versus last August’s total of 691 total listings were down 7.5 percent. Also, there were 5.3 percent fewer Perry Township homes for saleper month from June through August of 2011 compared to this same period 1 year ago.

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Lawrence Township Real Estate Market Under-Performs in August, 2011

If there was one sure bright spot it had to do with the fact that the total number of Lawrence Township homes for sale fell 3.6 percent versus the previous month’s total of 937. Even more, compared to last August’s total of 1,132 this represents a healthy 17.2-percent decrease in total inventory. In a quarterly view, was an average of 965 homes listed for sale per month from June through August of this year compared to this same quarter in 2010, giving the Lawrence Township real estatemarket 14.1 percent fewer overall.

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Franklin Township Sales Up 5.7 Percent in August, 2011

No agent would welcome the prospect of even more homes on the market—at least no agent in his or her right mind. But more listings is exactly what the Franklin Township real estate market got, as total listings climbed 2 percent, from 510 in July to 520 in August. At least when compared to last August’s total of 521 this represents an ever-so-slight 0.2-percent decrease. Further still, the monthly average number of Franklin Township homes for sale from June through August of this year fell 4 percent versus this same quarter 1 year ago.
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Decatur Township Pending Sales Rise 11.4 Percent in August, 2011

One area of improvement that cannot be overstated is that of total listings. Let’s face it, the market doesn’t need more inventory at this point; which is why it’s good the total number of Decatur Township homes for sale fell 6.1 percent in August versus the previous month’s total of 264. Versus where the Decatur Township market was exactly 1 year ago this is a 3.9-percent improvement. Viewed quarterly, there were, on average, a total of 256 homes listed for sale per month on the Decatur Township real estatemarket compared to this same quarter in 2010, when the monthly average was closer to 263.
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Little Improvement Seen in Center Township Real Estate Market in August, 2011

While there were fewer sales entering the pipeline, there were an addition 23 homes placed on the market in August, making for a 2-percent increase in total listings. But there is an upside to this stat: Namely, the 1,157 Center Township homes for sale in August of this year represents a significant 19.5-percent reduction compared to this same month 1 year ago, when there were 1,437 homes listed on the Center Township real estate market. Further still, there was an average of 1,159 homes listed for sale per month during the quarter that spanned June through August of this year compared to a monthly average of 1,454 listings during this same quarter in 2010, or 20.3 percent fewer.
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Zionsville Average Time on Market Improves Significantly in August, 2011 zionsville indiana real estate data chart - August 2011

It wasn’t much, but the total number of Zionsville homes for sale fell 0.6 percent, from 318 in July to 316 in August—at this point, any decrease in listings is a good thing! What’s more, compared to last August’s total of 355 this represents an 11-percent improvement. Also, versus the monthly average of 354 listings from June through August of 2010 the most average of 322 represents a 9-percent improvement. Overall, these are nice improvements for the Zionsville real estate market.
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Westfield Real Estate Market Has the Right Stuff in August, 2011

Ask any Westfield home seller and you won’t find any disagreement on this point: The market would benefit by a significant decrease in the number of homes for sale. This is true not only of the Westfield real estate market in particular but the U.S. market in as a whole. In the case of Westfield, there was a 3-percent drop in the total number of Westfield homes for saleversus the previous month’s total of 263. But what’s most significant about this is the fact that it represents a 19.8-percent reduction in total listings versus last August’s total of 318. Further still, the average number of homes listed per month from June through August of 2011 fell 18.5 percent versus this same quarter last year.
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Plainfield Real Estate Market News Mixed for August, 2011

If there’s one stat where negative numbers are preferred then surely it is that of total listings. It wasn’t much, by total listings changed -0.5 percent in August versus the previous month. But August’s total of 206 Plainfield homes for sale, compared to 1 year ago, represents a 5.1-percent decrease. Plus, the Plainfield real estate market saw a 1.9-percent decrease in the average number of homes listed for sale per month during the months of June through August of 2011 compared to this same quarter in 2010, or 209 versus 213 respectively.
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Noblesville Closings Rise 46.6 Percent in August, 2011

The good news for sellers was there was less competition as the total number of Noblesville homes for sale fell 1.7 percent, from 700 in July to 688 in August. But the difference was most pronounced versus 1 year ago, when there were 15 percent more homes on the Noblesville real estate market. From June through August of this year there were on average 12.9 percent fewer listings versus this same quarter 1 year ago.
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Mooresville Pending Sales Up 5.6 Percent in August, 2011

There were 173 Mooresville homes for sale in August, or 1.7 percent fewer, compared to the previous month’s total of 173. Compared to 197 homes listed for sale on the Mooresville real estatemarket last August this is a 13.7-percent increase. The average number of homes on the market from June through August of this year was also down 5.4 percent versus this same quarter in 2010.
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Martinsville Home Sales Rise 34.6 Percent in August, 2011

There were 1.1 percent fewer sellers in the market in August, as the total number of Martinsville homes for sale fell to 282, down from the previous month’s total of 285. Compared to last August’s total of 300 this is a 6-percent improvement in the supply-demand ratio. From June through August of this year there was also a 7.6-percent improvement in this same category as there were, on average, a total of 281 homes listed on the Martinsville real estate market relative to this same time last year.
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Indianapolis Home Sales Improve 2.8 Percent in August, 2011

A positive development for the Indianapolis market was a downturn in the total number of Indianapolis homes for sale (6,997) versus the previous month’s total of 7,085. Not only is this a 1.2-percent decrease versus the previous month, it is a more significant, 13.4-percent improvement versus last August’s total of 8,076. What’s more, the average number of homes listed on the Indianapolis real estatemarket from June through August of this year was down 12 percent versus this same quarter in 2010.
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Greenwood Home Sales Rise 25 Percent in August, 2011

Since reaching a 12-month peak of 736 in May of 2011 the total number of Greenwood homes for sale has now fallen for the third consecutive month, most recently totaling 685, making for a 2-percent decrease versus the previous month’s total of 699. Versus last August’s total of 756 the falloff is more pronounced at 9.4 percent. Looking at the most recent quarter that spans the months of June through August, there were, on average, a total of 705 homes listed on the Greenwood real estate market compared to this same quarter in 2010.
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August, 2011 Greenfield Home Sales Up 81.5 Percent Versus 1 Year Ago

And with 2.8 fewer sellers on the market in August the market inched toward healthier balance between supply and demand. Compared to last August’s total of 355 Greenfield homes for sale this represents a 3.9-percent improvement. From June through August there were, on average, 345 homes listed for sale on the Greenfield real estate market compared to an average of 349 during this same period 1 year ago, making for a slight 1.1-percent improvement.
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August, 2011 Franklin Real Estate Market Better Off Versus 1 Year Ago

The good news for sellers was that there was 5.1 percent less competition on the market as the total number of Franklin homes for sale fell from 237 in July to 225 in August. But what’s most impressive about this is that it represents a 22.7-percent drop in total listings versus last August’s total of 291. Not only this, but there were, on average, a total of 233 homes listed on the Franklin real estate market during the months of June through August, making for a 16.8-percent decrease versus this same quarter 1 year ago.
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Fishers Average Time on Market Improves 16 Percent in August, 2011

After reaching a 12-month high of 710 in June of 2011 the total number of Fishers homes for sale has now fallen for 2 consecutive months, most recently falling 3.8 percent, from 706 in July to 679 in August—a development that is hopefully the beginning of a sustained trend, at least insofar as the overall state of the Fishers real estate market is concerned. Even better is the fact that, compared to last August’s total of 731 this is a 7.1-percent decrease in total listings. And, from June through August of this year, there were on average 698 homes on the market, or 3.9 percent fewer, compared to this same quarter in 2010.
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August, 2011 Danville Real Estate Market Improved Significantly Versus 1 Year Ago

Ask real estate agents almost anywhere and they’ll tell you that the market needs fewer listings in order to restore the supply-demand balance. Fortunately for seller in Danville, fewer listings is exactly what they got as there were just 138 Danville homes for sale in August, or 6.1 percent fewer, compared to the previous month’s total of 147. The only negative side to this is the fact that, compared to last August’s figure of 129 this is a 7-percent worsening. As well, from June through August there were, on average, a total of 147 homes on the Danville real estatemarket, a 14-percent increase, compared to this same period 1 year ago, when the monthly average was 129.
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Carmel Real Estate Market Sees Few bright Spots in August, 2011

But while there were fewer homes sold there were also fewer Carmel homes for sale, 4.3 percent fewer, to be exact. In fact, August’s total of 823 listings marked the second consecutive month that total listings declined since reaching a 15-month high of 909 in June of 2011. Of the 823 homes listed on the Carmel real estate market, 177 were new listings, down 6.3 percent versus the previous month’s total of 1489 and down nearly 9 percent versus last August’s total of 194 new listings. On average, the Carmel market has seen a total of 197 homes added to the market per month over the past 12 months.
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Brownsburg Real Estate Market Sees Little Improvement in August, 2011

The total number of Brownsburg homes for sale fell by a total of 1. While this can barely be called an “improvement” it is nevertheless better than the alternative–in this market, any decrease in inventory is a good thing! Versus August of 2010’s total of 313, this is a 4.5-percent decrease in total listings. Of 299 homes listed for sale on the Brownsburg real estate market 61 were new listings. This total represents a 25.6-percent decrease versus last August’s total of 82 and an every-so-slight 1.6-percent decrease versus the 12-month average of 62 new listings per month.
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Avon Real Estate Market Shows Some Positive Signs in August, 2011

While there were more homes sold there were also more homes on the market, albeit a slight 0.3-percent more. Compared to this same month 1 year ago, however, there were 12.4 percent fewer Avon homes for sale in August of this year, or 376 versus 429 respectively. Also, the Avon real estate market saw an 11.1-percent decrease in the average number of homes listed for sale per month from June through August when compared to this same quarter in 2010, or 375 versus 422 respectively.
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