Indianapolis Real Estate Report- Lawrence Township - April 2008

Lawrence Township real estate stats for April 2008 don’t show signs of improvement; the number of homes sold is down along with the average selling price. Here is what happened for Lawrence Township real estate in Indianapolis for homes under $500,000 in April 2008:

The number of homes sold is down 27% over last year and the average sales price is also down 12% over 2007. In addition, it took an average of 11% longer to sell a home this year and the average price per square foot is down 14%. Over the past 12 months, 1678 homes have sold in Lawrence Township and there are currently 1174 homes currently on the market. This means there is an 8.40 months supply of homes currently on the market in Lawrence Township. While an 8.4 months supply is not spiraling out of control is higher, it is significantly higher than the Fishers Indiana real estate market just to the north.

If you are looking to purchase a home in the Lawrence Township area, right now is a fantastic time to buy; inventories are up and prices are down. Visit our Indianapolis homes website to find a great deal on homes in Lawrence Township and search the entire Indianapolis MLS.