Southern Indiana Home Prices & Sales 1/3/09

This is the first snapshot (officially anyway!) of the year. We finally caught up after a few weeks of holiday stuffing!

Before we get to the stats, I just want to say how excited I am to see what 2010 will bring. You have those who think the market will recover and those who think we’ve still yet to see the bottom. Count me as one of the optimists! I think things have already started turning around and I think this year will be better than last. Don’t get me wrong now. I’m not saying it won’t be a challenge. I’m just saying that with the right plan, houses will sell in any market!

Ok enough with the pep talk and on to the stats. Listed below are the numbers for Southern Indiana real estate including Jeffersonville, Clarksville, New Albany, Sellersburg and other areas. You can also click the picture to the right to see the same stats for Greater Louisville and the Ft. Knox, KY area.

Active Inventory

• Active Residential Listings ~ 2,078
• Average Sales Price ~ $166,133
• Months of Inventory ~ 13.2

Last 30 Days

• Houses Sold ~ 157
• Average Sales Price ~ $116,774
• Sales Price vs. List Price ~ 95.7%
• Average Days on Market ~ 111
• New Listings on Market ~ 280
• Cancelled, Withdrawn or Expired ~ 355

Last 12 Months

• Houses Sold ~ 2,803
• Average Sales Price ~ $124,990
• Sales Price vs. List Price ~ 95.5%
• Average Days on Market ~ 110