Fishers Real Estate - Market Report January 2009

Here is a look at what happened on the Fishers real estate market for homes under $500,000 in January 2009:

Well, it is a new year and hopefully that trend of a 4% increase in average sales price continues. The 24% decrease in homes sold is par for the course and may actually improve as the last sales from January get officially recorded in the MLS. What is also great news is that the absorption rate, or month’s supply of homes on the market, is down to a very healthy 4.45! I expect to see more homes hit the market in the coming months as we ramp up for selling season, but hopefully the amount of homes sold will also rise. As you can see, the Fishers real estate market is still quite strong despite the current economic climate.

If you are considering purchasing or selling a home in Fishers, now is a great time to do so. Please visit our Indianapolis Real Estate website to search all homes available. You may also want to visit our Geist real estate and homes for sale page or the Carmel Indiana real estate page if you are considering a home in Fishers.