Indianapolis Real Estate Report - Lawrence Township - February 2008

Well, well, well. Lawrence Township real estate seems to be the shining star for all of Indianapolis so far, actually showing an increase in the average sales price. Here is what happened in Lawrence Township in February 2008 for homes under $500,000:

The good news of the increased average sales price is encouraging but don't start dancing in the streets just yet. The number of homes sold is still down 14% over last year and the price per square foot fell also. In addition, the average days on the market rose by 30% to average at 114 days. Just like the rest of Indianapolis real estate, the absorption rate is staying at a reasonable 7.58 months supply of homes. This is obviously still a buyers market, but inventory levels seem to be maintaining a sustainable level.

If you are interested in Indianapolis homes in Lawrence Township, contact Mike Taylor at Rebate Real Estate to qualify for you 50% commission rebate. If you are considering a home in Lawrence Township, you may also want to consider Fishers Indiana real estate which shares its borders with Lawrence Township.