Indianapolis Real Estate Report - Pike Township - December 2007

The Pike Township real estate market in Indianapolis took a big hit in the number of homes sold in December 2007. While the number of homes sold was down by almost 50%, the average sales price only declined by 2% over last year. Here is a quick glance at what happened in Pike Township in December:

What is kind of shocking is that the average days on the market is actually down despite all the inventory and decrease in sales. Indianapolis real estate as whole is seeing some big decreases in the number of homes sold as well. While the December statistics may be depressing, the year end numbers reflect a smaller decrease with only 10% fewer Indianapolis homes sold in 2007 than in 2006.

If you looking for real estate in Indianapolis, now is a great time to buy; inventory is high and prices are low. Feel free to use our Indianapolis MLS search function on our website to find the right home for you. Contact us once you have found some homes to view and learn how to receive a 50% commission rebate on your next home.