“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home Floyd County Indiana Market Report

Floyd County Indiana Market Report

Listings as of 2/3/07 – All information deemed reliable, but not guaranteed.

Residential - Active

2 BR

3 BR

4 BR

5 BR

All BR

# Units

163

352

182

51

748

Average List Price

$96,950

$178,070

$269,973

$427,751

$199,778

Average Market Time

80

97

93

84

91

Average Sq Ft

1155

1647

2105

3188

1756

Residential - Pending

2 BR

3 BR

4 BR

5 BR

All BR

# Units

21

45

20

7

93

Average List Price

$75,510

$141,993

$227,218

$338,929

$160,132

Average Market Time

47

68

118

74

74

Average Sq Ft

1049

1452

1949

2485

1546

Sold – January 2007

2 BR

3 BR

4 BR

5 BR

All BR

# Units

7

29

10

3

49

Dollar Value

$366,600

$3,744,217

$2,320,200

$1,200,296

$7,651,313

Average List Price

$59,043

$134,129

$237,240

$401,633

$160,823

Average Sold Price

$55,229

$129,111

$232,020

$400,099

$156,149

Average Market Time

66

124

103

77

108

Average Sq Ft

953

1474

2098

2701

1602

% of List Price

93.54

96.26

97.80

99.62

97.09

January 2007 saw a decrease in the number of homes sold compared to 2006 by a couple going from 51 to 49. The price of homes fell 9.4% from $172,497 in Jan 06. The current Monthly Absorption Rate is 17.59. The Monthly Absorption Rate is the time it would take for all listings to sell if no other homes were put on the market. More than six months is considered a buyer’s market while less than six months would be a sellers’ market. As you can see, we are in a buyer’s market. What this says is that buyers are taking their time to make their decisions. There are is a lot of competition between sellers. This is why it is so important for sellers to get your home priced correctly early so you give yourself the best chance it has to sell.

If you have any questions about or would like to know the market conditions for your specific area or neighborhood contact me at bmumaw@semonin.com.

Posted Sunday Feb 04