Brownsburg Real Estate Report – May 2007

Active:

In May 2007, 172 homes were added to the Brownsburg real estate market. The average listing price was $225,692. In 2006, 141 Brownsburg homes were added with an average listing price of $200,051. The average asking price is up for the average Brownsburg home by $25,641 or 12.8%. This seems to be out of the ordinary and may be caused by some extenuating circumstances. This is probably due to fact that there are currently 3 Brownsburg homes that are currently listed over $1,000,000 which is somewhat atypical.

Pending:

May 2007 had 73 Brownsburg homes go pending with an average asking price of $182,386. The same month in 2006, 81 homes went pending with an average asking price of $173,991. The average pending home on the Brownsburg real estate market was up $8,395 or 4.82% over last year.

Sold: *

In May 2007, 65 homes sold in Brownsburg with an average selling price of $162,887. The average house took 67 days to sell and it received 97% of the asking price. 2006 had 53 Brownsburg homes sell with an average selling price of $179,866. In 2006 it took an average of 85 days to sell a home and the typical Brownsburg home received 99% of its asking price. This means that the average home sold for $16,979 or 9.43% less than in 2006.

The Brownsburg real estate market currently has 396 active properties for sale. In the past 12 months 638 Brownsburg homes sold: this means that the Brownsburg real estate market currently has a 7.45 months supply of homes. This is on par with the rest of the greater Indianapolis real estate market.

*Sold numbers calculated on homes sold in Brownsburg under $500,000.

Brownsburg Real Estate Year to Date: