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Michael Woods' Blog

By Michael Woods | Managing Broker in Carmel, IN
  • Franklin Real Estate Market Saw 20 Percent Drop in Inventory During 2012

    Posted Under: Market Conditions in Franklin  |  February 19, 2013 12:00 PM  |  197 views  |  No comments

    Franklin Indiana Real Estate Data Chart - January, 2013

    Improvements were seen in the Franklin real estate market, albeit not to the same extend as other nearby Central Indiana towns and cities. A total of 390 homes were sold during all of 2012, or 3.1 percent more, compared to a total of 381 for all of 2011. This translates to a monthly average of 32 sales per month, or 3.1 percent more, compared to 32 sales per month for 2011. Also, from October through December of 2012, there were on average 34 sales per month, or 11.8 percent fewer, compared to this same quarter in 2011. In all, a total of just 9 more closings took place in 2012 compared to 2011.

    The year-end figures for pending sales were quite similar to our previous stat. A total of 396 pending sales were reported for all of 2012, or 3.1 percent more, compared to 388 for all of 2011. On average, there were 33 pending sales reported each month for 2012, and 32 per month for 2011. Looking at the last quarter of 2012, from October through December, there were on average 30 pending sales per month. This is unchanged from the average for this same quarter in 2011. The net difference was 8 more pending sales on the year.

    But while our 2 previous stats were only modestly improved, a much greater improvement was seen in the total number of homes on the market. As is commonly accepted, the market has suffered from too many listings ever since the crash of 2008. Fortunately, there was a 20-percent drop in the number of Franklin homes listed for sale, from 2,697 for all of 2011 to 2,161 for all of 2012. This is great news for sellers as it translates to less competition. On average, there were just 180 homes on the market per month during 2012, compared to 225 per month during 2011. And of the 180 homes on the market each month, just 44 were new listings.

    View the complete, original report here.

  • Real Estate Sees 13.5-Percent Increase in Sales in June, 2012

    Posted Under: Market Conditions in Franklin  |  July 24, 2012 12:54 PM  |  211 views  |  No comments

    Franklin Real Estate Data Chart - June, 2012

    The Franklin real estate market showed some nice gains in June, 2012. Since falling to a 6-month low of 26 in March of this year, June’s total of 42 marked the 3rd consecutive month of increase for Franklin pending sales, this time by 7.7 percent versus May’s total of 39. Even better is the fact that compared to last June this is an increase of 10.5 percent. At 39, the average number of pending sales per month, from April through June of this year, remained unchanged versus this same period 1 year ago.

    Another area of improvement came in the form of a 13.5-percent increase in sales, as a total 42 closings took place in June compared to a total of 37 just one month prior. Versus last June’s total of 40 this is a 5-percent increase. Also, from April through June of this year an average of 35 closings took place per month, or 2.9 percent more, versus this same quarter 1 year ago.

    Sellers experienced less competition as there were 6.1 percent fewer homes on the market in June compared to the previous month. In fact, June’s total of just 186 listings represents a significant 21.2-percent decrease in listings compared to 1 year ago. Not only this, but the average number of homes listed for sale from April through June of this year fell 20.1 percent compared to this same 3-month interval in 2011. Of the 186 homes listed for sale in June, 43 were new listings. This is unchanged versus the previous month’s total, although it is down a significant 20.4 percent compared to 1 year ago. The 12-month average number of new listings is 46.

    View the complete, original article here.

  • Franklin Real Estate Spends 38 Percent Less Time on Market in May, 2012

    Posted Under: Market Conditions in Franklin  |  June 19, 2012 1:56 PM  |  182 views  |  No comments

    franklin indiana real estate data chart - May 2012

    May, 2012 brought with it some positive news for the Franklin real estate market, although not as much of some would have preferred. Take, for example, the 35 closings that took place: This represents a dramatic 40-perent increase versus the previous month. But considering the fact that April’s total of 25 closings was the 3rd lowest in a year, anything other than a big rebound would have been very disappointing indeed. Another sobering fact: the most recent figure represents a decrease of nearly 3 percent compared to last May’s total of 36. Still, this is a difference of just 1 closing. Something else that stood out, in a good way, was the fact that there were, on average, 32 closings per month from March through May of this year, or 23.1 percent more, compared to this same quarter last year.

    The news was not nearly as good when it came to pending sales. While May’s total of 37 pending sales was unchanged versus the previous month, it was down 9.8 percent versus 12 months ago. Also, there were, on average, 33 pending sales logged each month from March through May of this year, making for an 8.3-percent decrease in comparison to this same period 1 year ago.

    After climbing for 3 consecutive months and reaching a 6-month high of 201 in April, the number of Franklin homes on the market in May fell 1.5 percent to a total of 198. This is a far more significant 18.5-percent decrease compared to last May’s total of 243 listings, which is most definitely a good thing for the Franklin market. Another good thing: The average number homes listed for sale each month, from March through May of this year fell 19.6 percent compared to this same period in 2011, or 197 versus 245 respectively.

    View the complete, original article here.

  • Mild Improvements in Franklin Real Estate Market in February, 2012

    Posted Under: Market Conditions in Franklin  |  March 26, 2012 8:08 AM  |  338 views  |  No comments

    The Franklin real estate market saw a 1.8-percent increase in the total number of homes listed for sale versus the previous month. But what’s most surprising about the February’s total of 168 listings is that it represents a significant 29.7-percent decrease versus where this market was 1 year ago. In comparison, there were 1.5 percent fewer Indianapolis homes for sale during this same period. In a quarterly view, there were on average just 170 homes listed for sale in Franklin Indiana, 29.5 percent fewer, from December of 2011 through February of this year compared to this same quarter 1 year ago.

    View the complete, original article here.

  • January Franklin Home Sales Up 20 Percent Versus Last Year

    Posted Under: Market Conditions in Franklin  |  February 23, 2012 6:31 AM  |  428 views  |  No comments

    franklin indiana real estate data chart - January 2012

    There were 165 homes for sale in Franklin in January, or 6.2 percent fewer, compared to the previous month’s total of 176. By way of comparison, there were 2.4 percent fewer Indianapolis homes for sale during this same period. But the 165 homes listed for sale in Franklin Indiana in January represents a 31.2-percen t decrease versus this same time 1 year ago—something the market sorely needed! Also, from November of 2011 through January of this year there were on average 177 homes for sale each month, or 28.3 percent fewer, compared to this same quarter 1 year ago.

    View the complete, original article here.

  • Franklin Closings Rise 28.6 Percent in December, 2011

    Posted Under: Market Conditions in Franklin  |  January 13, 2012 6:22 AM  |  386 views  |  No comments

    Franklin Indiana real estate data chart - December 2012

    While the Indianapolis real estate market saw an 8.4-percent drop in total listings the Franklin market nearly matched this as there were 7.9 percent fewer homes on the market versus the previous month.  In our 1-year comparison, there December’s total of 176 Franklin homes for sale represents a significant 27.6-percent decrease compared to December of 2010’s total. Finally, Franklin Indiana saw a 25.6-percent decrease in the average number of monthly listings from October through December of this year compared to this same period last year.

    View the complete, original article here.

  • Franklin Pending Sales Rise 58.3 Percent in November, 2011

    Posted Under: Market Conditions in Franklin  |  January 6, 2012 10:33 AM  |  372 views  |  No comments
    Franklin Township indiana real estate data chart - November 2011

    While there was 4.1 percent less real estate and homes for sale in Indianapolis in November compared to the previous month, a larger 8.2-percent drop in listings was seen in the Franklin market over this same period. What what’s truly impressive is the fact that the Franklin real estate market saw a precipitous 25.7-percent drop in listings compared to last November’s total of 257. Finally, from September through November of this year there were on average 203 homes for sale in Franklin Indiana, or 25.1 percent fewer, compared to this this same 3-month interval just 1 year ago.

    View the complete, original article here.

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