Zionsville Real Estate Report - July 2008

Here is a look at what sold on the Zionsville real estate market in July 2008 for homes under $700,000:

With only 50 or so homes selling in the Zionsville market, it can be hard to get good idea about what is occurring with the market by looking at just one month. However, the number of homes sold down by only 8% over last year and the average sales price down by only 3% over last year’s numbers. Both of these numbers although in the negatives represent a much better situation than most other areas in the Indianapolis region. If you look at the YTD numbers for Zionsville, the number of homes sold is down by 16% and the average selling price is relatively unchanged.

In addition the sold figures, there are 268 Zionsville homes for sale with an average asking price of $374,372. The 268 homes on the market represent an 8.08 months supply of homes on the market. This is a little high and still indicates that it is a buyer’s market.

Even though the numbers are down over last year, compared to other areas of Indy Zionsville remains one of the stronger markets. If you are considering a home in Zionsville, please visit our Indianapolis homes website for more information and to search the entire MLS. Many people who are interested Zionsville real estate also consider Carmel homes as another option.