Indianapolis Real Estate - Market Report - September 2009

By
Real Estate Agent with Red Door Real Estate

Here is a look at what happened on the Indianapolis real estate market in September 2009:

 
2008
2009
% Change
Active
N/A
7418
Homes Sold
1027
1017
-1%
Average Selling Price
$108,874
$112,056
3%
Days on Market
92
79
-14%
Price Per Square Foot
$64
$65
2%
List Price / Sale Price
94%
94%
0%

I almost don’t want to say it, but we almost just had a good month and it appears things might be trending toward a leveling off or maybe even towards positive territory. Let’s not get too excited, the expiration of the tax credit most likely is having an effect on these numbers, but it is still great to see an increase in the average sales price in Indianapolis. I have not seen that in a long while. This could be a great sign, it just be the tax credit creating a false sense of demand. Only time will tell but for now it is looking positive for Indianapolis homes.
If you are considering purchasing a home in Indianapolis, now might be the best time. Please visit our one of our websites above or you may want be interested in Broad Ripple homes or Geist Homes as these are two of Indianapolis’ most popular areas.

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