Tuesday, July 31, 2012

Mooresville Real Estate Market Fails to Improve in June, 2012

Mooresville Real Estate Data Chart - June, 2012

The Mooresville real estate market left a lot to be desired in June, 2012—at least if you were trying to sell a home! The stats did not favor sellers to be sure. Starting with total sales, there were 8 fewer closings in June, 25 percent fewer, compared to the previous month’s total of 32. But even compared to a year ago this is a 4-percent decrease. The only positive to come out of our latest data-crunching is the fact that an average of 30 closings took place each month, or 30.4 percent more, from April through June of this year relative to this same quarter 12 months ago.

And things didn’t look any rosier when it came to pending sales. June’s total of 23 represents a 28.1-percent decrease relative to the previous month’s total of 32, and an 11.5-percent decrease relative to last June’s total of 26. In fact, total pending sales has pretty much been on a downward trajectory ever since March of this year. But, like our previous stat, there was at least one positive to come out of it: Namely, there were on average 30 pending sales from April through June of this year, or 15.4 percent more, relative to this same 3-month period last year.

Total listings were another area of concern as an additional 2 homes made their way on to the market in June. At least when compared to last June’s total of 179 listings this is a2.8-percent decrease. Another positive: The average number of homes listed for sale from April through June of this year was down 2.8 percent relative to this same quarter 12 months ago.

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Monday, July 30, 2012

Martinsville Home Sales Rise 10.7 Percent in June, 2012

Martinsville Real Estate Data Chart - June, 2012

After hitting a 15-month low of 222 in January, 2012, the total number of Martinsville homes listed for sale continued to rise for the 4th consecutive month, most recently hitting a total of 280 in June, 2012. This was no doubt a concern to anyone trying to sell a home, since it represents even more competition in what is most decidedly a buyer’s market. June’s total of 280 listings represents a 4.1-percent increase versus the previous month’s total of 269. Also, compared to June of 2011, this is a 1.4-perent increase to listings. In yet another comparison, there were on average 272 homes for sale each month from April through June of this year, which is 0.4 percent below the average for this same period 1 year ago.

Another area of disappointment concerned total sales. June’s total of 31 closings, while 10.7 percent above the previous month’s total of 28, nevertheless represents a 13.9-percent decrease when compared to this same month 1 year ago. The average number of closings each month, from April through June of this year, was unchanged at 26.

But perhaps the biggest disappointment concerned pending sales. It was not looking great as June’s total of 24 pending sales represents a 38.5-percent decrease relative to the previous month’s total of 39. Nearly as bad, this is a 36.8-percent decrease when compared to last June’s total of 38 pending sales. And from April through June of this year there were, on average, 30 pending sales each month, which is exactly unchanged versus this same period 12 months ago.

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June, 2012 Marks Fourth Consecutive Month of Increased Indianapolis Home Sales

Indianapolis Real Estate Data Chart - June, 2012

A few glitches aside, the Indianapolis real estate market showed improvements in several key areas, making for a solid month of performance in June of 2012. But first, about those “glitches”...

Total pending sales, always a good indicator of things to come, fell 9.8 percent, from 1,039 in May to just 937 in June. Why this is not altogether a bad thing is because, compared to June of 2011, it is actually a 2.2-percent increase in pending sales. Also, from April through June of this year there were, on average 1,016 pending sales per month, or 6.8 percent more, relative to this same period 1 year ago.

Following a similar theme to our previous stat is that of total listings. While it is true that the market is saturated with listings, and therefore a 1.3-percent increase in total listings represents a bad thing, it is also true that, compared to last June’s total of 7,256 listings, the most recent total of 6,152 in June, 2012 represents a sizable decrease of 15.2 percent. Also, from April through June of this year there were 14.9 percent fewer Indianapolis homes for sale compared to this same period last year, or 6,064 versus 7,124 respectively.

One stat that was good no matter how you looked at it concerned sales. A total of 1,089 closings took place in June, or 1.4 percent more, compared to the previous month’s total of 1,074. In fact, June marked the 4th straight month that sales have increased ever since hitting a 15-month low of just 633 in January. But even better is the fact that our most recent figure represents a 7.7-percent increase in total sales when compared to last June’s total of 1,011. Finally, from April through June of this year an average of 1,040 closings took place each month, 13.3 percent more, compared to this same quarter in 2011.

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Thursday, July 26, 2012

Versus 1 Year Ago, Greenwood Real Estate Market Improves in June, 2012

Greenwood Real Estate Data Chart - June, 2012

In all, June wasn’t a bad month for the Greenwood real estate market. While total pending sales were down 28.3 percent versus the previous month, June’s total of 104 represents a 9.5-percent improvement versus this same month 1 year ago. Also, from April through June of this year there were, on average, 17.7 percent more pending sales each month compared to this same 3-month window 1 year ago.

The Greenwood market did not disappoint when it came to total sales. June’s total of 134 closings represents a nice 22.9-percent gain versus May’s total of 109. But when compared to last June’s total of just 105 closings this is an even more pronounced improvement of nearly 28 percent. The average of 115 closings that took place from April through June of this year represents an improvement of 21.1 percent compared to this same period in 2011.

If you were trying to sell a home then you probably experienced a bit of relief as there was a 1.6-percent drop in the number of homes listed for sale versus the previous month’s total of 623. But the biggest difference comes in the form of a 16-percent decrease in inventory in comparison to last June’s total of 730 listings. Finally, the average number of homes listed on the market from April through June of this year fell 15.5 percent relative to this same quarter 1 year prior.

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Wednesday, July 25, 2012

Greenfield Homes Spend Nearly 45 Percent Less Time on Market in June, 2012

Greenfield Real Estate Data Chart - June, 2012

What the Greenfield real estate market failed to do in June of 2012, it more than made up for in comparison to last year. Total sales, for example, remained flat versus the previous month’s total of 47. Compared to last June’s total of 36, however, this is a huge 30.6-percent increase overall. Also, from April through June of this year there were on average 45 closings per month, or 9.8 percent more, relative to this same period 1 year ago.

Another stat that looked was flat at first glance was that of total listings. While June’s total of 294 homes for sale was indeed unchanged versus the previous month, when compared to last June’s total of 342 this represents a 14-percent improvement, at least if you’re a seller or real estate agent! Even in our quarterly analysis there was an 8.7-percent improvement seen in the average number of homes listed for sale per month, from April through June of this year relative to this same quarter in 2011. Of the 294 homes for sale in June, 73 were new listings, which made for a 7.6-percent decrease versus the previous month, and a 13-percent decrease versus 1 year ago. The 12-month average number of new listings each month is 62.

One stat that did not stay flat in June concerned pending sales. June’s total of 51 was up 4.1 percent over May’s total of 49. What’s more, this represents a much greater 24.4-percent increase over last June’s total of 41. From April through June of this year, the average of 49 pending sales that were on the books each month represent a 16.7-percent increase in comparison to this same quarter 1 year ago.

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Tuesday, July 24, 2012

Franklin Real Estate Market Sees 13.5-Percent Increase in Sales in June, 2012

Franklin Real Estate Data Chart - June, 2012

The Franklin real estate market showed some nice gains in June, 2012. Since falling to a 6-month low of 26 in March of this year, June’s total of 42 marked the 3rd consecutive month of increase for Franklin pending sales, this time by 7.7 percent versus May’s total of 39. Even better is the fact that compared to last June this is an increase of 10.5 percent. At 39, the average number of pending sales per month, from April through June of this year, remained unchanged versus this same period 1 year ago.

Another area of improvement came in the form of a 13.5-percent increase in sales, as a total 42 closings took place in June compared to a total of 37 just one month prior. Versus last June’s total of 40 this is a 5-percent increase. Also, from April through June of this year an average of 35 closings took place per month, or 2.9 percent more, versus this same quarter 1 year ago.

Sellers experienced less competition as there were 6.1 percent fewer homes on the market in June compared to the previous month. In fact, June’s total of just 186 listings represents a significant 21.2-percent decrease in listings compared to 1 year ago. Not only this, but the average number of homes listed for sale from April through June of this year fell 20.1 percent compared to this same 3-month interval in 2011. Of the 186 homes listed for sale in June, 43 were new listings. This is unchanged versus the previous month’s total, although it is down a significant 20.4 percent compared to 1 year ago. The 12-month average number of new listings is 46.

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Monday, July 23, 2012

Fishers Real Estate Market Shows Solid Gains in June, 2012

Fishers Real Estate Data Chart - June, 2012

The Fishers real estate market, at first glance, was nothing to write home about. But a closer look shows improvements took place in several key statistical areas. June’s total of just 130 pending sales, for example, while 19.8 percent below the previous month, nevertheless represents a healthy 11.1-percent improvement over last June’s total of just 117 pending sales. Also, from April through June of this year there were, on average, 147 pending sales in the pipeline each month, or 5 percent more, compared to this same period 1 year ago, when the average was 140.

Showing solid gains across the board were the latest figures for total sales. June’s total of 180 closings represents a solid 7.1-percent increase compared to the previous month’s total of 168. What’s more, compared to last June’s total of 150 closings this is a far greater increase of 20 percent. In yet another comparison, the average number of 164 closings that took place each month from April through June of this year represents a 24.2-percent increase relative to this same period in 2011.

June brought a bit of relief for anyone dismayed by what most experts consider a surplus of inventory, as total Fishers listings fell by 1.3 percent. The most recent total of 681 listings also represents a decrease of 4.1 percent relative to last year during this same month. From April through June of this year, the average number of Fishers homes listed for sale each month rose 3.9 percent compared to this same quarter 1 year ago. One final stat concerning total listings: Of the 681 homes on the market in June, 196 were new additions to the market altogether. This total, by the way, not only represents a 5.8-percent decrease versus the previous month’s total of 208 new listing, but a far greater decrease of nearly 15 percent versus last June’s total of 230 new listings.

View the complete, original article here.

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Friday, July 20, 2012

Danville Real Estate Market Slides in June, 2012

Danville Real Estate Data Chart - June, 2012

After tying a 12-month low of 113 in January of this year, the total number of Danville homes for sale has continued to grow in the ensuing months, most recently hitting 6-month high of 150 listings, much to the dismay of sellers everywhere, no doubt! Not only is this recent total barely an increase over the previous month’s total of 149, more importantly, it is down 4.5 percent versus last June. And it is the latter comparison that is ultimately more meaningful than the 1-month comparison, since it is more indicative of where the market has come and where it is heading. The average number of homes listed for sale from April through June of this year was down 4.6 percent versus this same period 1 year ago. And speaking of listings, 34 of the most recent 150 listings were actually brand new listings. This is down nearly 11 percent versus the previous month, although it is up almost 31 percent versus last June’s total of 26 new listings. The 12-month average number of homes added to the market each month is 29.

After rising briefly to a 12-month high of 23 in May of this year, total pending sales fell nearly 48 percent in June, making this the 2nd lowest average in the past 12 months. Compared to last June’s total of 17 pending sales this is a 29.4-percent decrease. Even in our quarterly analysis, the average number of pending sales per month, from April through June of this year, fell nearly 6 percent in comparison to this same 3-month period in 2011.

One statistical bright spot on the Danville real estate market came in the form of a 33.3-percent increase in total sales versus the previous month’s total of 15. While this is good news in itself, it is tempered by the fact that, compared to June of 2011, this is actually a 4.8-percent decrease in total sales. From April through June of this year, however, an average of 16 closings took place each month, or 14.3 percent more, compared this same quarter last year.

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Thursday, July 19, 2012

Carmel Real Estate Market Sees Little Improvement in June, 2012

Carmel Real Estate Data Chart - June, 2012

It might take some squinting at the data, but a close look at the Carmel real estate market stats for June shows several improvements were realized in June. The market posted a nice 4.6-percent improvement in total sales, as a total of 183 closings took place in June versus the previous month’s total of 175. Even better, compared to last June’s total of 161 this is an increase close to 14 percent. But the biggest improvement in this area came in the form of a 25.6-percent increase in the average number of closings to take place each month, from April through June of this year, relative to this same period 1 year ago. The most recent average of 162 is most definitely an improvement over last year’s average of 129.

Another area of improvement concerned total listings. June’s total of 773 homes for sale represents a slight, 0.3-percent decrease versus the previous month’s total of 773. But the big news as it concerned total listings was that this is a 15-percent decrease versus last June’s total of 909 listings. As well, the average number of homes listed on the market from April through June of this year fell 15.3 percent relative to this same period last year.

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Wednesday, July 18, 2012

Brownsburg Real Estate Market Suffers a Bit in June, 2012

Brownsburg Real Estate Data Chart - June, 2012

Things did not pan out in June of 2012 as many real estate agents would have no doubt preferred. This is evidenced by a 15.2-percent decrease in total pending sales, from 46 in May to just 39 in June. Even worse, compared to last June’s total of 56 this represents a far worse 30.4-percent decrease in pending sales. In fact, June marked the 2nd straight month that pending sales fell after climbing to a 15-month high of 74 in April of 2012. Even in our quarterly analysis, there was a 1.9-percent decrease in the average number of pending sales logged each month, from April through June of this year relative to this same period 1 year ago.

But all was not lost. Even though June’s total of just 59 closings represents a 7.8-percent decrease versus the previous month’s total of 64, compared to last June’s total of 51 this is actually a nice 15.7-percent increase in total sales. Further still, from April through June of this year, the average number of monthly closings rose 11.3 percent compared to this same quarter 1 year ago, or 59 versus 53 respectively.

It is clear that the market has more than enough homes already for sale; which is while piling even more listings on top of that is a bad thing. But this is exactly what happened in June as an additional 15 homes were placed on the market, making for 6.9 percent increase in total inventory. Even compared to last June’s total of 301 listings this is a 3-percent increase. From April through June of this year there were, on average, a total of 295 homes on the market each month, or 3.9 percent more, compared to this same quarter 1 year ago, when the average was 307.

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Tuesday, July 17, 2012

Avon Real Estate Market Sees Significant Improvements in Several Areas, in June, 2012

Avon Real Estate Data Chart - June, 2012

While the Avon real estate market was not terribly impressive in June, there were nevertheless statistically significant improvements seen in several areas. Total listings, for example, rose 3.2 percent, from 349 in May to 360 in June. What’s more, June marked the 4th consecutive month that listings rose since falling to a 15-month low of 254 in February of 2012. Yes, it is true that more listings is not what the market needs right now especially if you’re a seller. But why a 3.2-percent increase is not altogether a bad thing is because it is still 3.5 percent below last June’s total of 373 listings. So, in a somewhat longer-term view, it is clear the market has improved. In another comparison, the average number of homes on the market from April through June of this year was down 2.5 percent relative to this same quarter last year, or 350 versus 359 respectively.  Of June’s 360 homes for sale, 99 were new listings. This is up 28.6 percent from the 77 homes that were placed on the market just one month prior, although it is barely an increase when compared to last June’s total of 97 new listings. The 12-month average is 71.

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Tuesday, July 3, 2012

Fewer Homes on Zionsville Market for 3rd Consecutive Month in May, 2012

zionsville indiana real estate data chart - May 2012

The Zionsville real estate market didn’t fair was well as other nearby Central Indiana markets, at least insofar as total closed and pending sales were concerned. Take pending sales as an example: May’s total of 46 represents not only a decrease of 13.2 percent versus the previous month’s total of 53, but a decrease of 11.5 percent versus last May’s total of 52. But these numbers are only considered losses in virtue of an uncharacteristic March surge in pending sales. On a more positive note, the average of 54 pending sales per month that held from March through May of this year represents a 28.6-percent increase over this same quarter 1 year ago. So in this latter sense, there was a modicum of improvement. The 12-month average number of pending sales per month is 39.

The latest figures for total sales were a double-edged sword. For while May’s total of just 42 closings was down a hefty 26.3-percent compared to the previous month’s figure of 57, compared to 1 year ago total sales were still up by 7.7 percent. In the end, it is the latter comparison that matters most. Another positive development with respect to sales came in the form of a 38.9-percent increase in the average number of closings that took place each month during the months of March, April and May compared to this same 3-month period 1 year ago. Over the past 12 months, it has been an average of 39 closings per month in Zionsville.

Another very positive development concerned total listings: In May, there were nearly 1 percent fewer homes on the market compared to the previous month. This is also a 15-percent drop in total listings compared to May of 2011. Of the 260 homes for sale in May, 79 were new listings. This is down nearly 16 percent from last May’s total of 94 new listings. The 12-month average number of new listings in Zionsville is 60.

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Monday, July 2, 2012

Westfield Home Sales Rise for 3rd Straight Month as of May, 2012

westfield indiana real estate data chart - May 2012

At first glance, it would be easy to say the Westfield real estate market had taken a turn for the worse in May, 2012. But a closer look reveals a different picture. For example, a total of 54 closings took place in May, or 1.8 percent fewer, versus the previous month. But when compared to last May’s total of just 42 closings this is actually a significant 28.6-percent increase in total sales. Further still, there were on average 53 closings per month from March through May of this year, or 32.5 percent more, compared to this same period in 2011. The most recent total number of closings is also 42 percent above the 12-month average of 38 per month.

There was a similar theme at work when it came to pending sales. May’s total of 50, while 9.1 percent down from the previous month’s total of 55, is nevertheless up a sizable 19-percent versus last May’s total of 42 pending sales. As well, there were on average, 57 pending sales per month from March through May of this year, or 39 percent more, relative to this same quarter last year.

And while the most recent total of 234 Westfield homes for sale was up 2.6 percent over the previous month’s total of 228, it represents an 8.6-percent decrease compared to last May’s total of 256. What’s more, there were on average 224 homes on the market from March through May of this year, or 10.4 percent fewer, versus this same 3-month period last year.

View the complete, original article here.

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