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Michael Woods' Blog

By Michael Woods | Managing Broker in Carmel, IN

Brownsburg Real Estate Market Cools in September, 2012

Brownsburg Real Estate Data Chart. September, 2012

The Brownsburg real estate market showed signs of a definite slow-down in September, 2012—not that this comes as a surprise, considering the time of year. For the second straight month, a marked decrease in sales was observed as a total of just 37 closings took place in September compared to the previous month’s total of 59. Even compared to last September’s total of 39 closings this is a decrease of 5.1 percent. One positive stat: the average number of closed transactions from August through September of this year was up by 14.6 percent relative to this same period 1 year ago.

Pending sales also took a hit as there were just 28 transactions in the September pipeline compared to the previous month’s total of 45, making for a net decrease of nearly 38 percent. But perhaps most striking is the fact that, compare to this same month 1 year ago, total pending sales were down 26.3 percent. At least the average number of pending sales from August through September of this year was up 12.2 percent relative to this same quarter in 2011.

It’s rarely a good thing when sales fall and listings rise. Fortunately, this was not the case as there were 0.7 percent fewer homes on the market in September versus the previous month. Coincidentally, compared to September of 2011 total listings were also down 0.7 percent. From August through September of this year there were on average 3.7 percent fewer homes on the market relative to this same 3-month period last year.

View the complete, original article here.

 
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