The Martinsville real estate market saw several statistical
improvements in 2012 compared to 2011, even if the extent of these
improvements was smaller compared to those of other nearby towns and
cities in the Central Indiana area. While most Central Indiana markets
underwent a decrease in the number of homes for sale in 2012 compared to
2011, the city of Martinsville saw no change whatsoever. The 2012,
year-end total of 3,087 listings matches exactly the year-end total for
2011. In terms of averages, there were 257 homes listed per month for
all of 2012 and 2011. However, from October through December of 2012
there were, on average, 250 homes for sale each month, or 0.8 percent
more, compared to this same quarter in 2011.
One area of significant improvement came in the form of an 8-percent
increase in the number of closings that took place in 2012 compared to
2011. The 2012 total of 326 sales represents a net increase of 30
compared to the 2011 total of 296. This translates to a monthly average
of 27 sales per month for all of 2012 compared to 25 sales per month for
all of 2011. Also, during the final quarter of 2012 there were, on
average, 31 closings per month, or 29.2 percent more, compared to this
same quarter in 2011.
The numbers for total pending sales also looked much better in 2012. A
total of 341 pending transactions were reported in 2012 compared to
just 296 2011. On average, 28 pending sales were reported each month for
all of 2012, 7.7 percent more, compared to 26 per month for all of
2011. And, from October through December of 2012, there were on average
29 pending sales per month, of 45 percent more, compared to this same
3-month period at year’s end in 2011.
This report provided courtesy of msWoods.
Other Martinsville Real Estate Resources Online:
View the complete, original report here.