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Michael Woods' Blog

By Michael Woods | Managing Broker in Carmel, IN

Greenwood Real Estate Market Slows in October, 2011

greenwood indiana real estate data chart - October 2011

Since reaching a 12-month high of 736 in May of 2011 the number of Greenwood homes for sale has fallen in each of the ensuing months, most recently falling 3.9 percent from the previous month’s total of 643. This 3.9-percent decrease comes close to matching the 4.9-percent drop in Indianapolis homes for sale during the same 1-month period. But Greenwood listings, compared to last October’s total of 704, were down an even greater 12.2 percent. From August through October of this year there were on average 12.4 percent fewer homes on the market per month compared to this same period last year.

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