Indianapolis Real Estate - Pike Township - Market Report - December 2008

Here is look at what happened for homes in Pike Township Indianapolis under $500,000 for December 2008:

It looks we have a case where a single month can be misleading. The average sales price was down by far the most this year, posting a 30% decrease over last year. In addition, the number of homes sold appears to be up 7% over last year. Both of these numbers are contrary to what has happened the rest of the year in Pike Township real estate. At the year’s end, we saw an average of 17% fewer homes being sold and an 8% decrease in average sales price since last year. As you can see, December’s numbers are way off the averages for the year and as a result should not be viewed as an indictor of the market.

If you are looking to buy or sell a home in Pike Township, please visit our Indianapolis real estate website to learn more about what we offer and to search all homes for sale. You may also want to take a look at our Indianapolis foreclosures and Indianapolis short sales pages to see what is available for bank owned properties.