Southern Indiana Real Estate Market Report 10/5/08

Hello everyone. Big news this week with the announcement of the bailout. I think I'm going to reserve judgement for a while to see how the whole thing plays out. I will say again that this is an excellent market to buy in. There are opportunites all over the place and if you were on the fence about whether or not to do it, my only question is what you are waiting for? Give me a call if you would like to discuss this issue further or if you know anyone who could be in the market.

Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, October 5, 2008:

Active Listings Stats

2,544 homes currently on the market
$173,982 is the average list price of those homes
There is currently 12.2 months of inventory*

Last 30 Days Stats

208 homes sold
The average sales price was $128,593
The Sales Price vs. List Price was 97.2%+
The average Days on Market was 108
There were 418 new listings on the market
There were 413 listings that were either canceled, withdrawn or expired

Last 12 Months Stats

2,779 homes sold
The average sales price was $131,036
The Sales Price vs. List Price was 96.4%+
The average Days on Market was 105

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Posted Wednesday Oct 08

( 10/10/08 03:53AM ) — riathareja

India is beginning to make news worldwide. It’s just the right time to think India. There's a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth. For more view- realtydigest.blogspot.com

( 10/10/08 08:04AM ) — GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES

The 12 month inventory is not good. Hope your market will improve . Good luck.

Southern Indiana Real Estate ~ Brett Mumaw
Semonin Realtors

Southern Indiana Real Estate ~ Brett Mumaw: Real Estate Agent in New Albany, IN

Office: (812) 542-9057

Mobile: (502) 641-1677

Serving all of Clark, Floyd, Harrison, Crawford and Washington Counties in Indiana including Jeffersonville, Clarksville, New Albany, Sellersburg, Floyds Knobs and others for all real estate needs.

Southern Indiana Real Estate Market Report 10/5/08

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Southern Indiana Real Estate Market Report 10/5/08

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