Fishers Indiana Homes - Market Report - March 2011
Posted by Mike Taylor on Monday, April 11th, 2011 at 11:34am.Now that we have seen the Carmel and Indianapolis reports, time to see how Fishers Indiana homes for sale compared in March 2011. Here is a look at the month of March in detail:
2010 |
2011 |
% Change |
|
| Active | N/A |
632 |
|
| Homes Sold | 132 |
91 |
-31% |
| Average Selling Price | $204,279 |
$214,983 |
5% |
| Days on Market | 82 |
87 |
6% |
| Price Per Square Foot | $90 |
$94 |
4% |
| Sales Price / List Price | 96% |
95% |
-1% |
And a year to date look:
Number of Homes Sold |
|
Average Sales Price |
||||||
2009 |
2010 |
2011 | % Change |
2009 |
2010 |
2011 | % Change |
|
|
|
|
|
|
|
|
|||
| Jan. | 67 |
62 |
46 |
-26% |
$205,432 |
$230,595 |
$198,902 |
-14% |
| Feb. | 79 |
75 |
53 |
-29% |
$207,417 |
$193,646 |
$229,899 |
19% |
| March | 113 |
131 |
91 |
-31% |
$188,454 |
$204,874 |
$214,983 |
5% |
And an average sales price graph:
In Fishers, we see the more general trend for the Indianapolis area; a decrease in sales activity and an increase in average sales price. This month in Fishers we saw a 31% decrease in the number of homes sold and a 5% increase in average sales price. Again, the decrease in sales activity is no doubt affected by the 2010 tax credit pushing loads of extra buyers into the market last year. It is encouraging though that we are still seeing enough demand to see a steady increase in sales price. The absorption rate, or number of months supply of homes, stands at a very healthy 6.3 for the Fishers real estate market. Overall, the Fishers market looks pretty strong so far this year. The decreased sales activity is expected and the fundamentals appear to be quite solid. I am hopefully we will see a good year in 2011 for Fishers.
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