Wednesday, March 6, 2013

Mooresville Home Sales Up 20 Percent in 2012

Mooresville Indiana Real Estate Data Chart - January, 2013

2012 was a good year for the Central Indiana real estate market, as towns and cities everywhere saw significant improvements in several key stats, particularly closed sales, pending sales and listings. As concerned Mooresville, there was a lot to like. For starters, the Mooresville market enjoyed a 20-percent increase in total sales as a total of 282 closings took place in 2012 compared to just 234 in 2011. Monthly, 24 closings took place on average in 2012 compared to 20 per month on average in 2011. From October through December of 2012, an average of 25 closings took place each month compared to just 16 per month during the final quarter of 2011. This equates to a huge, 56.3-percent increase. In all, there were 48 more homes sold in 2012 versus 2011.

Total pending sales were also up, as a total of 281 transactions were reported by year’s end in 2012 compared to just 237 at year’s end, 2011. This translates to an average of 23 pending sales each month, or 15 percent more, compared to this same quarter in 2011. Perhaps most striking was a 35.7-percent increase in the average number of pending sales reported during the last quarter of 2012 compared to this same quarter in 2011, or 19 versus 14 respectively.

As you are not doubt well aware, the market has suffered from an excess of inventory ever since the 2008 crash. Fortunately, the Mooresville real estate market saw a 7.6-percent decrease in the total number of homes listed for sale, as there were 1,878 homes on the market in in 2012 compared to 2,038 homes for sale in 2011. On average, there were 170 homes for sale per month for all of 2012, or 7.6 percent fewer, compared to 157 per month for all of 2011. In sum, there were 160 fewer listings in 2012 compared to 2011. And, from October through December of 2012 there were nearly 18 percent fewer homes on the market compared to the final quarter of 2011.

This report provided courtesy of msWoods.

Other Mooresville Real Estate Resources Online:

View the complete, original report here.

Tuesday, March 5, 2013

Martinsville Real Estate Market Improves by 8 Percent in 2012

Martinsville Indiana Real Estate Data Chart - January, 2013

The Martinsville real estate market saw several statistical improvements in 2012 compared to 2011, even if the extent of these improvements was smaller compared to those of other nearby towns and cities in the Central Indiana area. While most Central Indiana markets underwent a decrease in the number of homes for sale in 2012 compared to 2011, the city of Martinsville saw no change whatsoever. The 2012, year-end total of 3,087 listings matches exactly the year-end total for 2011. In terms of averages, there were 257 homes listed per month for all of 2012 and 2011. However, from October through December of 2012 there were, on average, 250 homes for sale each month, or 0.8 percent more, compared to this same quarter in 2011.

One area of significant improvement came in the form of an 8-percent increase in the number of closings that took place in 2012 compared to 2011. The 2012 total of 326 sales represents a net increase of 30 compared to the 2011 total of 296. This translates to a monthly average of 27 sales per month for all of 2012 compared to 25 sales per month for all of 2011. Also, during the final quarter of 2012 there were, on average, 31 closings per month, or 29.2 percent more, compared to this same quarter in 2011.

The numbers for total pending sales also looked much better in 2012. A total of 341 pending transactions were reported in 2012 compared to just 296 2011. On average, 28 pending sales were reported each month for all of 2012, 7.7 percent more, compared to 26 per month for all of 2011. And, from October through December of 2012, there were on average 29 pending sales per month, of 45 percent more, compared to this same 3-month period at year’s end in 2011.
This report provided courtesy of msWoods.

Other Martinsville Real Estate Resources Online:

View the complete, original report here.

Monday, March 4, 2013

Indianapolis Real Estate Market Much Improved in 2012

Indianapolis Indiana Real Estate Data Chart - January, 2013

The Indianapolis real estate market was a reflection of the Central Indiana market as a whole, which is to say significant improvements were seen across a broad range of metrics in 2012 compared to 2011. Not the least of these improvements was a 14.7-percent increase in the number of homes sold, from 9,404 for all of 2011 to 10,792 for all of 2012. In terms of averages, a total of 899 closings took place each month during 2012 compared to just 784 per month during 2011. From October through December of 2012, an average 844 closings took place each month, or nearly 16 percent more, compared to this same quarter in 2011. The bottom line is that 1,388 more homes were sold in 2012 compared to 2011.

Total pending sales was an area of great improvement as well, as a total of 11,013 pending transactions were reported during all of 2012 compared to a total of 9,685 during all of 2011. This translates to a monthly average of 918, or 13.8 percent more, for 2012 compared to just 807 per month, on average, for all of 2011. In yet another analysis, there were 783 pending sales reported per month, on average, from October through December of 2012, compared to an average of 674 per month during this same period in 2011.

One of the most noteworthy stats came in the form of a 15.3-percent decrease in the total number of homes for sale in 2012 compared to 2011. In terms of hard numbers, there were 12,359 fewer homes on the market in 2012 versus 2011. And of the 68,317 homes on the market in 2012, 15,296 were new listings, or 22.4 percent. Contrast this to 2011, when there were 80,676 homes on the market, 16,969 of which were new listings, or 21 percent. On average, 1,414 homes were placed on the Indy market each month during 2011, compared to an average of just 1,275 per month during 2012. While the number of new listings represented a greater share of total listings in 2012 compared to 2011, this is only because there were so many more homes on the market during 2011.

This report provided courtesy of msWoods.

Other Indianapolis Real Estate Resources Online:

View the complete, original report here.