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Michael Woods' Blog

By Michael Woods | Managing Broker in Carmel, IN

November, 2012 Center Township Sales Up 31.6 Percent Versus Last Year

Center Township Real Estate Data Chart - October, 2012

With the exception of September, the total number of homes for sale in Center Township has fallen in each of the months following June, 2012. Most recently, total listings fell 4.5 percent, from 951 in October to 908 in November. But not only were listings down on the month; compared to last November’s total of 1,111 this is a decrease of 18.3 percent. And, from September through November of this year there were, on average, 16 percent fewer homes on the market relative to this same quarter 1 year ago. And of the 908 homes listed for sale in November, 142 were new listings. This is down 14.5 percent versus the previous month’s total of 166 and down 8.4 percent versus last November’s total of 155. On average, a total of 179 homes have been placed on the Center Township real estate market each month over the past 12 months.

While it is true the most recent total of just 100 closings that took place in November represents a decrease of nearly 14 percent compared to the previous month’s total of 116. However, compared to last November, this is actually a hefty, 31.6-percent increase in sales activity; not to mention the fact that from September through November of this year there were, on average, 21.6 percent more closings finalized each month compared to this same time 1 year ago, when the month average was just 88 closings.

November’s total of 86 pending sales goes down as a 23.2-percent decrease versus the previous month’s total of 122. Versus last November’s total of 90, it is a far more modest decrease of just 4.4 percent. And, from September through November of this year, there were 13.2 percent fewer pending transactions reported on average, compared to this same 3-month period 1 year ago.

This report provided courtesy of msWoods.com.

Other Center Township Real Estate Resources Online:

View the complete, original report here.   

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