Fishers Homes Sold for May 2011

Originally posted at My Fishers Blog

While the number of homes sold in Fishers in May 2011 is still behind the 2010 numbers...the gap is decreasing substantially.

In May 2011, 158 homes sold in Fishers compared with 179 a year ago; so a 10% "ish" drop compared with 30% and higher drops in previous months. The first time home buyers credit in 2010 ended with contracts being written by 4/30/10 so I expected the 2010 number to go down.

While you might expect 2010 to significantly drop...looking at the graph, that doesn't really happen until July. This time of year is historically a busy time to buy and sell homes.

The other statistics we look at are the Days on Market and the price per sq ft sold. The days on market are much longer in 2011 than a year ago. It was 83 in May 2011 compared with only 65 a year ago...there is more inventory too. The price per sq ft went up slightly to $96 from $94. Remember that this is a very neighborhood specific statistic, if you want to know what is happening in your neighborhood specifically, check out our Fishers neighborhood reports or email me.

There were 8 homes over $500,000 that sold compared with 6 a year ago. The most expensive home that sold in Fishers was in Cambridge at $1,200,000 (listed at $1,750,000) and on the market 874 days!

The lowest priced home was in Brooks Chase selling for $67,000.

Neighborhoods seeing lots of homes selling included Sunblest with 11, Woodberry with 6, Avalon with 6 and Brooks Chase with 5. One neighborhood that also saw a lot (as a % of total homes) was Fox Hollow with 4.

If you are looking to sell or buy a home in Fishers, call a Real Estate agent with experience and who knows the Fishers Real Estate market.

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Other Northside Blogs (Carmel, Noblesville, and Geist)

Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website