Plainfield Indiana Real Estate Report – May 2007

Active:

May 2007 added 67 homes to the Plainfield real estate market with an average listing price of $163,801. May 2006 added 73 Plainfield homes to the market with an average listing price of $154,854. The average home in Plainfield that newly added the market in May 2007 was up $8,947 or 5.78% over May 2006.

Pending:

In May 2007, 39 Plainfield homes went pending with an average asking price of $143,534. The same month in 2006 51 homes went pending on the Plainfield Indiana real estate market with an average asking price of $132,724. The homes that went pending in May 2007 were up 8.14% or $10,810 over last years numbers.

Sold:

The average home that sold on the Plainfield Indiana real estate market in May 2007 had an average selling price of $172,900. The average home took 115 days to sell and sold for 97% of the asking price. May 2006 had 40 Plainfield homes close with an average selling price of $145,425. The average home that closed on the Plainfield real estate market was up $13,294 or 9.14% over the same month last year.

Summary:
Plainfield real estate numbers are very strong for May 2007; the numbers are up across the board. Based on these numbers Plainfield is one of the strongest markets in the Indianapolis area at the present time. Most areas are showing losses or mild gains, while the Plainfield real estate market seems to be showing signs of decent gains over last year.
As of 6/14/07 there are 235 active properties for sale on the Plainfield Indiana real estate market. In the past 12 months 443 Plainfield homes have sold; this means that if no homes are added to the market there is a 6.37 months supply of homes on the Plainfield real estate market.

Plainfield Indiana real estate numbers year to date: