Westfield Indiana Real Estate Market Report January 2009

Here is a look at what happened on the Westfield Indiana real estate market for homes under $600,000 in January 2009:

The number of homes sold is still down over last year quite substantially, but the average sales price is up by 10% since the same time last year. It should be noted that with only 23 homes selling, this is far from indicating a trend. However, any positive gain in average sales price is always a good sign. Also, the absorption rate, or number of month’s supply of homes, is a very healthy 5.42. This number alone indicates a pretty balanced market and offers a quick look at the overall health of the market. Westfield and the rest of Hamilton County seem to have a fairly stable real estate market even in these tough times making it a safe place to invest.

If you are looking to buy or sell Westfield real estate, please visit our Indianapolis homes for sale website to search all available homes. Some of the more popular neighborhoods in Westfield include: Centennial, Countryside, and Viking Meadows.