Carmel Real Estate Market in Report for December, 2011

Whereas the Indianapolis real estate market underwent an 8.4-percent decrease in the total number of homes sold in December versus the previous month, the total number of Carmel homes for sale fell an even greater 11.0 percent during this same period. Even more impressive for this Carmel Indiana market is the fact that, compared to last December’s total of 741 listings the most recent total of 614 represents a 17.1-percent decrease in total listings.

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Fishers Indiana for December, 2011 Months of Inventory Report Indicates It Is Still a Buyer's Market, Slightly

December 2011 saw the Fishers homes for sale stay in a buyers’ market of 6.5 months of inventory. This was down from the November 2011 numbers of 9 months. Indianapolis real estate trended a little worse with 8.3 months of inventory in the Indianapolis area. The good news is that is down from 8.9 from the previous month. While the Fishers, Indiana real estate market is seeing shorter months of inventory but markets have shown an improvement over the previous month.

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Fishers Average Price for Sale & Sold Has Minimal Drop for December, 2011

Fishers, Indiana real estate saw 544 homes for sale in December 2011 down from 621 homes for sale in 2010. There were 92 new listings for the month and a total of 84 sold. These average price of homes for sale and average price of sold home numbers seem to be slightly above that of the Indianapolis area real estate for sale. Fishers home for sale continue to trend positively in most areas as 2011 comes to an end.

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Fishers Indiana Average Days on Market Shows Promising Results in December, 2011

Fishers Indiana real estate seemed to fare a little better compared with what the Indianapolis homes for sale market showed in regards to average days on the market. A positive in the Indianapolis market shows days on the market were down 2 percent from the previous month in 2011 from 100 to 98. The Fishers homes for sale market seems to be showing a faster stabilization rate than the Indianapolis market but the good news is that both markets are showing better numbers than the previous year. 

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Zionsville Real Estate Market Improves Slightly in December, 2011

While the total number of Zionsville homes for sale fell 5.4 percent in December, compared to 1 year ago there were 4.8 percent more homes on the market in Zionsville Indiana. In way of comparison, there were 8.4 fewer homes for sale in Indianapolis Indiana. 

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Fishers Price Per Square Foot Shows Small Downturn in December, 2011

In summary, the Fishers Indiana real estate market showed increases in every area compared to the Indianapolis market. Indianapolis homes for sale were down 8.2 percent from the same month a year before while Fishers homes for sale showed a 2.4 percent increase.  And Fishers, Indiana homes spent a little less time on the market than Indianapolis homes by 10 days, 98, compared to Fishers 88 days. As the winter months move on the average price per square foot should increase in all markets.

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How School Performance Can Affect a Home’s Asking Price

Some families base their entire housing search on the quality of the schools near the home for sale. According to Move, Inc., buyers and sellers in top school districts will often see median home prices range from 10 to 28 percent higher than homes in lesser performing districts. A National Education Association study on student performance finds that nearby affordable housing and stable neighborhoods is a key component to a student’s success. But buyers still consider factors such as location to jobs and shopping, freeways and property taxes when evaluating available homes. The Move Network’s average listing prices for homes in the nation’s top-3 largest school districts in July of 2010 illustrates the impact of quality schools on home prices. Average listing price was over $816,000 in New York, almost $880,000 in Los Angeles and $425,000 in Chicago. The same phenomenon could be seen in lesser known areas. For example, in Carmel Indiana, a city known for its top schools, Carmel homes for sale came with an average price tag of $459,000. Contrast this to nearby Indianapolis homes for sale, which came with an average active price of $142,000 and it’s dramatic a difference of over 300 percent!

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Plainfield Real Estate Market Improves in December, 2011

There were 8.4 percent fewer homes for sale in Indianapolis, IN in December compared to the previous month. By contrast, there was a 9.7-percent decrease in the number of Plainfield homes for sale during the same period. Even better, the total number of homes listed for sale in Plainfield Indiana fell 12.2 percent compared to where the market was 1 year ago.

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Fishers Homes Sold Climb 31.3 Percent in December, 2011

All of the numbers seem to be on trend with the Indianapolis real estate market. The only noticeable variance is the minuscule loss Marion County experienced in sold homes. Down 1.3-percent from 694 sold in December 2010 to 685 sold in December 2011. This shows promise and growth in the Fishers market. Fishers homes for sale showed on a slightly smaller decrease from December the previous year at 17.6-percent decrease in Marion County. In conclusion,  Fishers Indiana real estate seems to be on track with the numbers of neighboring areas and will find some stabilization through the winter months.

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Mooresville Time on Market Improves in December, 2011

In a market that doesn’t exactly suffer from a shortage of real estate it’s a good thing that the total number of Mooresville homes for sale fell 5 percent versus the previous month. Compared to last December’s total of 159 total listings were down 3.8 percent in Mooresville Indiana. In way of comparison, there were 8.4 percent fewer homes for sale in Indianapolis.

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Martinsville Real Estate Market Report for December, 2011

While there was 8.4 percent less real estate for sale in Indianapolis in December compared to the previous month the decrease was less pronounced in Martinsville Indiana, as a total of 237 listings were still on the market, or 4 percent fewer, compared to the previous month’s total of 247. Compared to last December’s total of 220 Martinsville homes for sale this is a 7.7-percent increase.

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Greenwood Real Estate Market Report for December, 2011

Whereas there were 8.4 percent fewer Indianapolis houses for sale in December compared to the previous month, the city of Greenwood Indiana saw a somewhat lesser 7.3-percent decrease over the same period. Compared to last December, there were 16.7 percent fewer Greenwood homes for sale.

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Greenfield Closings Rise 19.2 Percent in December of 2011

With respect to real estate and homes for sale in Indianapolis, based on a total of 5,662 listings in December compared to the previous month’s total of 6,181 there was an 8.4-percent decrease. In contrast, there were 280 Greenfield homes for sale compared to the previous month’s total of 294, making it a 4.8-percent decrease. Compared to December of 2010, however, there was a much larger 11.1-percent decrease in the number of listings on the Greenfield Indiana market.

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Franklin Closings Rise 28.6 Percent in December, 2011

While the Indianapolis real estate market saw an 8.4-percent drop in total listings the Franklin market nearly matched this as there were 7.9 percent fewer homes on the market versus the previous month.  In our 1-year comparison, there December’s total of 176 Franklin homes for sale represents a significant 27.6-percent decrease compared to December of 2010’s total. Finally, Franklin Indiana saw a 25.6-percent decrease in the average number of monthly listings from October through December of this year compared to this same period last year.

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Danville December, 2011 Home Sales Up 100 Percent Versus last Year

While there were 8.4 percent fewer homes for sale in Indianapolis Indiana in December versus the previous month the market in Danville Indiana held steady at 113 listings during this same period. But compared to last December’s total of 102 this represents a 10.8-percent increase in the number of Danville homes for sale.

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December, 2011 Brownsburg Home Sales up 36 Percent Compared to Last Year

As a basis of comparison there were 8.4 percent fewer homes for sale in Indianapolis, IN in the month of December compared to the previous month. Over this same period there was a 7-percent decrease in the total number of Brownsburg homes for sale, from 258 to 240. Finally, there was an average of just 257 homes on the market per month in Brownsburg Indiana from October through December of this year compared to this same period 1 year ago, making this an 8.2 percent decrease overall.

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Avon Real Estate Market Improves Significantly in December, 2011

Another area of great improvement came in the form of a 10.4-percent decrease in the total number of Avon homes for sale, as there were 292 on the market in December compared to 326 the previous month. In way of comparison, there were 8.4 percent fewer homes for sale in Indianapolis. But an even greater improvement could be seen in comparison to this same month in 2010, when there were 339 homes for sale in Avon Indiana.

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Zionsville Sees 17.3-percent Increase in Number of Homes Sold

While there were 4.1 percent fewer Indianapolis houses for sale in November compared to the previous month the Zionsville real estate market went the opposite direction as there were 298 homes on the market in November versus the previous month’s total of 296. Compared to November of 2010, when there were 294 homes listed for sale in Zionsville Indiana this is a very slight 1.4-percent increase.
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Westfield Real Estate Listings in November, 2011 Down 16.1 Percent Versus 2010

Whereas there was 4.1 percent less real estate and homes for sale in Indianapolis in November compared to the previous month the Westfield real estate market saw a slight 0.9-percent increase in the total number of homes listed for sale. But hold on, because compared to this same time last year in Westfield Indiana this represents a 16.1-percent decrease in total listings. So overall, there has been a lot of improvement in this statistical department compared to 2010.
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Plainfield Home Sales in November, 2011 Up 41.7 Percent Versus Last Year

Ask any seller or real estate agent in Plainfield Indiana and they’ll probably tell you that Plainfield doesn’t need more homes for sale. One area of definite improvement came in the form of fewer homes listed on the Plainfield real estate market; 9.8 percent fewer to be exact. Compared to other nearby markets, like Indy for example, where there was only a 4.1-percent drop in the number of Indianapolis homes for sale this is quite an improvement. Moreover, November’s total of 175 listings represents a 5.9-percent improvement even versus last November’s total of 186.
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Noblesville Indiana Pending Salesd Rise 21 Percent in November, 2011

While the neighboring Indianapolis real estate market saw a 4.1-percent decrease in total listings in November compared to the previous month, the city of Noblesville, Indiana saw a much greater 9-percent drop over this same period, finishing with a total of just 605 homes for sale. Finally, the Noblesville Indiana real estate market saw a decrease of 9.4 percent in the average number of homes listed for sale per month from September through November of this year compared to this same period 1 year ago.

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6.4 Percent Fewer Mooresville Homes for Sale in November, 2011

While there were 4.1 percent fewer homes for sale in Indianapolis Indiana in November compared to the previous month there was a 6.4-percent drop in Mooresville Indiana during this same time. Moreover, Mooresville’s total of 161 listings in November represents a 3.6-percent decrease versus this same time 12 months ago. There were also 6.7 percent fewer homes for sale on the Mooresville real estate market from September through November of this year compared to this same period 1 year ago, when the per-month average was 179.
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Martinsville Real Estate Market Report for November, 2011

While there were 4.1 percent fewer homes for sale in Indianapolis, IN the Martinsville real estate market saw a slightly greater decrease of 5 percent. November’s total of 247 Martinsville listings was also down 2 percent versus this same month in 2010. Also, there were on average just 260 homes for sale per month in Martinsville Indiana from September through November of this year compared to an average of 266 per month during this same quarter last year.
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Greenwood Pending Sales Climb 23.5 Percent in November, 2011

Whereas there was a 4.1-percent decrease in the amount of real estate for sale in Indianapolis from October through November the Greenwood real estate market experienced an even greater 6.6 –percent decrease, as there were just 577 homes for sale compared to the previous month’s total of617. Compared to last November’s total of 657 listings this represents a 12.2-percent decrease. Further still, there were on average 3.4 percent fewer homes for sale per month in Greenwood Indiana from September through November of this year compared to this same period 1 year ago, when the monthly average was 708 listings.
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Greenfield Home Sales Fall 43.2 Percent in November, 2011

Whereas there were 4.1 percent fewer Indianapolis houses for sale in November compared to this previous month the city of Greenfield Indiana experienced a 5.2 percent decrease. Further still, there were 8.4 percent fewer listings on the Greenfield real estate market compared to November of 2010. And from September through November of 2011 there were, on average, 9.5 percent fewer homes for sale per month versus this same quarter 1 year ago.
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Franklin Pending Sales Rise 58.3 Percent in November, 2011

While there was 4.1 percent less real estate and homes for sale in Indianapolis in November compared to the previous month, a larger 8.2-percent drop in listings was seen in the Franklin market over this same period. What what’s truly impressive is the fact that the Franklin real estate market saw a precipitous 25.7-percent drop in listings compared to last November’s total of 257. Finally, from September through November of this year there were on average 203 homes for sale in Franklin Indiana, or 25.1 percent fewer, compared to this this same 3-month interval just 1 year ago.
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Total Fishers Real Estate Listings Fall 10.1 Percent in November, 2011

While there was a 4.1-percent drop in the number of Indianapolis homes for sale in November, the Fishers real estate market experienced a 10.1-percent drop in this same statistical category. This is not to mention the fact that compared to the November of 2010 there were 9.3 percent fewer homes listed on the Fishers market. In a different 1-year comparison, there were on average 623 homes for sale each month from September through November of this year, or 7.8 percent fewer, compared to this same period last year. Count this among several small bright spots for the market in Fishers Indiana.
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Danville November, 2011 Homes Sales Up 63.6 Percent Compared to Last Year

While the Indianapolis real estate market saw a 4.1 percent drop in total listings the difference in Danville Indiana was even greater as there were 5.8 percent fewer homes on the market in November compared to the previous month, or 113 versus 120 respectively. Compared to last November this is a more attenuated 2.6-percent decrease. Also, from September through November of this year there were on average 1.6 percent fewer homes (120) on the Danville real estate market compared to this same period 1 year ago, when the per-month average was 122 listings.
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Carmel Home Sales Rise 40 Percent in November, 2011

Anyone who works in real estate knows the market doesn’t need any more inventory. Fortunately, the total number of homes listed on the Carmel real estate market fell 8.8 percent, from 764 in October to 697 in November. Compared to the 4.1-percent drop in the number of homes for sale in Indianapolis Indiana this is quite an improvement. Compared to the number of Carmel homes that sold in November of 2010 this is an even greater 9.4-percent decrease. Finally, from September through November of this year there were, on average, a total of 756 homes on the Carmel Indiana market each month, or 6.4 percent more versus this same 3-month period in 2010.
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Brownsburg Real Estate Market in November, 2011 Better than 1 Year Ago

The Brownsburg real estate market saw a 5.1-percent decrease in the number of homes listed for sale, from 272 in October to 258 in November. There were 4.1 percent fewer homes for sale in Indianapolis, IN over this same period. There were 280 homes listed for sale in Brownsburg Indiana last November, which makes the most recent total of 257 a 7.9-percent decrease. In another comparison, there were on average 273 homes on the Brownsburg market per month from September through November of this year compared to 292 per month during this same period in 2010.
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6.1 Percent Fewer Homes for Sale in Avon Indiana in November, 2011

The Avon real estate market experienced a 6.1-percent drop in the total number of homes for sale, from 347 in October to 326 in November.  By way of comparison, there were 4.1 percent fewer homes for sale in Indianapolis during this same period. Compared to last November’s total of 367 Avon listings this is an 11.2-percent decrease in total listings. Finally, there were, on average, 11.9-percent fewer homes on the market per month in Avon Indiana from September through November of this year compared to this same quarter in 2010.
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Washington Township Market Report November 2011

If we look at the Indianapolis real estate market the number of homes for sale dropped for the 4th straight month to 1,011. In November 2010, that number was 1,156, a 12.5% decrease in inventory for Washington Township homes for sale. This could be an opportune time to put your home on the market. With home values stabilizing and the number of home sellers decreasing, you have less competition for that active pool of buyers. Sales in Indianapolis, Indiana are up from a year ago, and inventory is down.

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