Zionsville Real Estate - Market Report - December 2008

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

As you can see, the number of homes sold is still pretty far off from last years number with a 19% decrease in the number of homes sold. The average sales price was also down more than normal with a 10% decrease in average sales price from last year. The year end total for average sales price in Zionsville is down 5% over last year. This is great, but it is not terrible in this market. The absorption rate, or number of months supply of homes on the market, is at 7.1 months. This is higher than some areas like Carmel, but still within reason and indicative of a stable market.

If you are looking for to buy or sell a home in the Zionsville area, please visit our Indianapolis real estate website to search all homes for sale in the Zionsville area. In addition, you may also be interested in Carmel IN homes for sale and/or Westfield Indiana real estate.