Noblesville Real Estate News
Here is a look at what happened on the Noblesville Indiana real estate market in May 2009:
|
2008
|
2009
|
% Change
|
|
| Active |
N/A
|
695
|
|
| Homes Sold |
90
|
88
|
-2%
|
| Average Selling Price |
$184,547
|
$159,090
|
-14%
|
| Days on Market |
76
|
89
|
17%
|
| Price Per Square Foot |
$85
|
$80
|
-6%
|
| List Price / Sales Price |
97%
|
95%
|
-2%
|
Here are the YTD numbers up to May for this year:
| Number of Homes Sold | Average Selling Price | |||||
| 2008 | 2009 | % Change | 2008 | 2009 | % Change | |
| Jan. | 66 | 60 | -9.09% | $184,856 | $178,032 | -3.69% |
| Feb. | 58 | 51 | -12.07% | $170,758 | $156,016 | -8.63% |
| March | 88 | 82 | -6.82% | $201,532 | $155,265 | -22.96% |
| April | 82 | 80 | -2.44% | $165,806 | $155,128 | -6.44% |
| May | 90 | 88 | -2.22% | $184,547 | $159,090 | -13.79% |
| June | ||||||
| July | ||||||
| Aug. | ||||||
| Sept. | ||||||
| Oct. | ||||||
| Nov. | ||||||
| Dec. | ||||||
| Totals | 384 | 361 | -5.99% | $181,500 | $160,706 | -11.46% |
- In addition to these numbers, there are 135 homes that are pending with an average asking price of $165,195.
- The absorption rate or month’s supply of homes is currently 8.60.
Even though in the Westfield report I just did the number of homes sold was way down while the average sales price was slightly up; we are basically seeing the opposite effect in Noblesville. The number of homes sold is down only 2% this month and 6% for the year. This is a very small decrease based on the market both locally and nationally. What is weird is that the despite the ostensible demand, the average sales price is off 14% this month and 11% for the year. Overall, Noblesville appears to be doing not great but not that terrible either. The fact that, despite all of the economic mess we are in, nearly the same amount of homes sold this year as last is itself encouraging. It remains to be seen if this will translate into an increase (or at least less of a decrease) in average sales price.
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Date: Monday, June, 22nd 2009 @ 11:10:54 AMViews: 756
This blog entry currently has 2 comments posted.
Sarah
Great Post! I find that my Dallas clients appreciate when I show them statistics on the number of homes sold in their neighborhood. It allows them have some perspective on the price of their home so that they can sell ;-)
Posted on 2009-08-19 15:55:20
Gregory Norman
thanks for the report i am very heppy that you are giving us such kind of good info to us it is very great for me to see i9t!
Posted on 2009-07-27 00:12:57