Fishers Real Estate - Market Report - November 2008

Here is a look at what happened on the Fishers Indiana real estate market in November 2008 for homes under $500,000:

As you can see, it was a pretty sad month for the number of homes sold…worst decline YTD. However, the average sales price only dropped slightly and was down only 3% with the YTD average sales price almost unchanged. There are two pieces of good news coming out of Fishers in November; the average days on the market was somehow down 11% and the absorption rate is a very low 4.91. That means there is only a 4.91 months supply of homes on the market and that is almost a seller’s market by definition.

If you are looking to purchase a home in the Fishers area, visit our Indianapolis homes website to search all homes for sale. You may also be interested in Carmel homes and Westfield Indiana real estate if you are looking in the Fishers area.