Indianapolis Real Estate Report - April 2008

Unfortunately, I don’t have anything new to report for the Indianapolis real estate market for April 2008. While other areas on Indianapolis seem to show signs of a light at the end of the tunnel Indianapolis itself didn’t really change at all since last month. Here is what happened for Indianapolis homes under $500,000 for April 2008:

These numbers are pretty much the same as March; number of homes sold is down and the average selling price is down. In addition, the days on the market are up by 13% over last year. The absorption rate is relatively high with a 9.06 months supply of homes on the market.

If you are looking for real estate in Indianapolis, now is a great time to get great deal on a home. If you are still uncertain about the future of Indianapolis real estate you might want to consider what I think is a safer bet and look at Carmel Indiana real estate or real estate in Fishers as an alternative.