It’s that time of the month again… When I get to tell you how UNBELIEVABLE the market is… Unbelievably good, unbelievably bad.. You be the judge… I just think the market is what it is…
| 1-Jan | to | 1-Jun | |||
| # Sold | Avg # Sold | Avg Price | Avg % Price | Days On Market | |
| 2005 | 12916 | $151,456.00 | 84 | ||
| 2006 | 13838 | 107.14% | $149,492.00 | 98.70% | 86 |
| 2007 | 13708 | 99.06% | $146,107.00 | 97.74% | 91 |
| 2008 | 10759 | 78.49% | $141,002.00 | 96.51% | 102 |
| 1-Jan | to | 1-May | |||
| # Sold | Avg # Sold | Avg Price | Avg % Price | Days On Market | |
| 2005 | 9425 | $143,982.00 | 86 | ||
| 2006 | 10375 | 110.08% | $147,344.00 | 102.34% | 86 |
| 2007 | 10040 | 96.77% | $143,844.00 | 97.62% | 92 |
| 2008 | 8190 | 81.57% | $136,340.00 | 94.78% | 105 |
| 1-Jan | to | 1-Apr | |||
| # Sold | Avg # Sold | Avg Price | Avg % Price | Days on Market | |
| 2006 | 8185 | $145,275.00 | 87 | ||
| 2007 | 7919 | 96.75% | $140,954.00 | 97.03% | 93 |
| 2008 | 6387 | 80.65% | $135,675.00 | 96.25% | 107 |
| 1-May | 1-Jun | ||||
| Currently | Active: | 22184 | 22398 |
As can be seen, Number of homes sold is down about 22%, but the average sale price has gotten better since May 1st, but is still down only 3.5%.
What does this mean? This means you need to be priced right.. You really shouldn’t be fishing the market to see if you can get your price. You need to be creative if you want to get your home sold. You need to do more than put a sign in the yard, put it in the MLS and pray it sells.
If you’d like to see a list of some of the stuff I complete for getting homes sold, give me a call or email and I’ll share some hints/tips. http://CentralIndianapolisHomes.com/contact.php
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