Paul, Both Buyer and Seller in Tampa, FL

Market Statistics for Indianapolis, IN

Asked by Paul, Tampa, FL Mon Aug 13, 2007

I am considering investing in property in the Indianapolis, IN area, I am having trouble finding market movement (ie sold data) for Indianapolis, IN. Can someone with access to this data please answer the following for type=single family residential only, city=Indianapolis.

What is the total number of SFR properties currently available?
What is the total number of SOLD SFR properties for , JAN, FEB, MAR, APR, MAY, JUN, JUL of 07 ?
What is the average days on market for the properties that have sold?
Gereral Opinion, Is the market going to crash like the rest of the country?

I will be able to plot a trend with this information, Thanks for any help you can provide

Help the community by answering this question:


Total number of homes available in all of Indianapolis and surrounding areas = 24,182
Jan - 2041
Feb - 2139
March - 2670
April - 2891
May -3497
June -3326
July - 2938

Average DOM for 1/1/2007 - today = 93
Average sales price - $151,191

No, the market is going to crash like the rest of the country because Indianapolis did not have a huge increase in home prices like the rest of the country. We have our issues, but overall Indianapolis is a relatively stable market.

Please keep in mind these numbers are very broad and cover a wide area. If you would like to visit my site and see it broken down by smaller cities and townships you can view some more date here: - Fishers - Noblesville - Indianapolis Lawrence Township

This is just a few, and there is more on the website. I think this is the kind of data you are looking for. I hope this helps.
1 vote Thank Flag Link Mon Aug 13, 2007
Residential real estate in central Indiana slowed in August as the peak buying season is coming to an end. Pended home sales in August were down 14.2 percent when compared to August 2006. Year-to-date pended home sales were down 6.1 percent when compared to the same time period in 2006, according to data compiled by F.C. Tucker Company.

Boone County was the only county to record an increase in pended sales from August 2006 with a 2.4 percent increase. Madison County showed the largest decrease in pended sales compared to last year, with a 25.7 percent decrease.

Year to date, Shelby County saw a 1.4 percent increase in pended activity, while Boone County experienced a nearly 1 percent increase. Hendricks County experienced the largest decrease in pended home sales with a 9.6 percent decrease for the year.

“In July we saw a slight upturn in activity and pended sales which made us optimistic for August. August’s numbers show we are still in a recovery time period and continue to experience a buyers’ market,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division.

According to the National Association of Realtors, the pended home sales index for the Midwest dropped 13.1 percent in July and is 15.8 percent below 2006.*

Available inventory in central Indiana continues to rise, up 6.3 percent from 2006. Four of the nine counties saw the inventory of available homes drop in August. Madison County experienced the largest drop with 10.9 percent less inventory than August 2006. Marion County saw the largest increase in available homes with an 11.2 percent increase from August 2006.
“As we enter fall, home buying activity will likely continue to slow and available inventory will drop as fewer home owners decide to put their homes on the market,” Litten said. “We anticipate the landscape to continue to level off and the return to a more equal market in 2008.”

If you would like to send me an email, I will email you the information you are looking for. I have a newsletter that explains the above information with graphs and a program that is exceptional at showing trends. Just can't post them here.

0 votes Thank Flag Link Mon Sep 17, 2007
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