Indianapolis Real Estate - Market Report - December 2008

Here is a look at the Indianapolis real estate market report for December 2008 for homes under $500,000:

Well 2008 is over and the Indianapolis real estate market didn’t have any shockers in store for December. Same trend as the rest of the year, the number of homes sold way down and the average sales price is way down. The year end averages for the Indianapolis real estate market were 23% fewer homes sold in 2008 than in 2007 and an 11% decrease in average sales price from 2007. Hopefully 2009 will be a better year for the real estate market and we may actually see some positive numbers this year.

If you are interested in buying or selling a home in the Indianapolis market, please visit our website for more information. Two areas of Indianapolis that always seem to remain in demand are Geist real estate and Broadripple real estate.