Zionsville, IN

Hold on to your hats people, Zionsville Indiana real estate has nothing but good news to report for March 2008. Number of sales…up, average selling price…up, days on the market…down, price per square foot…up. Take a look at what happened in Zionsville for homes under $700,000:

I don’t believe my eyes, everything is up! This is eye popping, the number of homes sold on the Zionsville real estate market is up an astonishing 36% and the average sales price is up 12% too. Woohoo! This is quite a turnaround from the first 2 months of the year when the number of homes sold on the Zionsville real estate market were down 32% and 21% in January and February.

The other statistic to take note of is the absorption rate; with 596 Zionsville homes on the market and 422 homes sold in the past 12 months Zionsville has a 7.45 months supply of homes on the market. This is a little more than the Carmel real estate and Fishers real estate markets, but who cares is sales and prices are up?

We will have to see if this trend continues into the spring and summer selling season, but hopefully it will. If you looking for a home in Zionsville, contact Mike Taylor at Rebate Real Estate to learn more about our commission rebates. You can also visit our Indianapolis homes website to get information about the entire Indianapolis area and search the Indianapolis MLS.

The Zionsville real estate statistics for February 2008 are perhaps a little misleading with so few homes selling. Only 19 homes sold in Zionsville in February, hence one or two homes could really throw off the numbers. Let’s take a look at the number for Zionsville real estate in February 2008:

The number of Zionsville homes that sold is down only by 5 homes but this is a 21% decrease since last year. The average selling price is where I suspect the small number of homes sold is really affecting the data. As you can see the average selling price of a Zionsville home was down 27% over last year. However, it appears that February was abnormally low for 2008 and abnormally high for 2007. I know what the data says, but I just don’t believe that we had an almost $100,000 shift in prices. It just doesn’t make sense. All that being said; I am basically going to ignore this months stats for Zionsville and wait for the next few months data to get a better perspective about what is going on in the Zionsville real estate market.

If you are considering buying or selling a Zionsville home, visit our Indianapolis homes website to learn about our 50% commission rebate offer. You may also want to visit our Carmel real estate website as well as many people who are interested in Zionsville also consider Carmel real estate as well.

Active:

There are currently 226 active homes for sale on the Zionsville Indiana real estate market with an average asking price of $386,166. The average home has been on the market for 116 days and is listed for $146 per square foot.

Sold:

30 Zionsville Indiana homes sold in December 2007 with an average selling price of $291,688. These homes took 109 days to receive a contract and sold for $118 per square foot. December 2006 saw 28 homes sell with an average selling price of $303,688.

The number of Zionsville homes that sold in December was up 7% over last year while the average selling price was down 4%.

Over the previous 12 months, 420 homes have sold on the Zionsville real estate market with an average selling price of $320,060. Knowing 226 homes are currently for sale, we can see that there is currently a 6.46 months supply of homes on the market. This indicates that Zionsville is still in a buyer’s market, but is fairing better than most other areas of Indianapolis real estate.