Here is a look at the Fishers real estate market report for the month of May for 2008 vs. 2009:
|
2008
|
2009
|
% Change
|
|
| Active |
N/A
|
689
|
|
| Homes Sold |
161
|
147
|
-9%
|
| Average Selling Price |
$202,926
|
$212,985
|
5%
|
| Days on Market |
70
|
71
|
1%
|
| Price Per Square Foot |
n/a
|
$94
|
|
| List Price / Sales Price |
97%
|
97%
|
0%
|
Here is the YTD numbers for some perspective:
| Number of Homes Sold | Average Selling Price | |||||
| 2008 | 2009 | % Change | 2008 | 2009 | % Change | |
| Jan. |
69
|
67
|
-2.90%
|
$216,714
|
$205,432
|
-5.21%
|
| Feb. |
86
|
79
|
-8.14%
|
$213,481
|
$207,417
|
-2.84%
|
| March |
129
|
106
|
-17.83%
|
$214,817
|
$183,270
|
-14.69%
|
| April |
117
|
120
|
2.56%
|
$228,846
|
$187,131
|
-18.23%
|
| May |
161
|
147
|
-8.70%
|
$202,926
|
$212,985
|
4.96%
|
| June |
|
|
|
|
||
| July |
|
|
|
|
||
| Aug. |
|
|
|
|
||
| Sept. |
|
|
|
|
||
| Oct. |
|
|
|
|
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| Nov. |
|
|
|
|
||
| Dec. |
|
|
|
|
||
|
|
|
|
|
|||
| Totals |
562
|
519
|
-7.65%
|
$215,357
|
$199,247
|
-7.48%
|
- In addition to these numbers, there are 222 homes that are pending with an average asking price of $225,368.
- The absorption rate or months supply of homes is currently 5.84.
Don’t look now, but Fishers just posted an increase in the average sales price for May 2009 vs. May 2008! Now, let’s not get too excited we are still down an average of 7.48% for the year but it is hopefully a start. The number of homes sold is down over last year, but 9% is a relatively low number in this market. The best news of all is an extremely promising absorption rate of only 5.84. This means if we stop putting homes on the market, the current inventory would take 5.84 months to sell out. This is indicative of a very healthy market. So far, Fishers is the bright spot in the market. Let’s hope this continues and spreads to other parts of Hamilton County and Indianapolis.
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Date: Wednesday, June, 17th 2009 @ 10:23:26 AMViews: 486
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