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Zionsville Real Estate - Market Report - January 2009

Here is a look at what happened on the Zionsville real estate market in January 2009 for homes under $700,000:

 
2008
2009
% Change
Active
N/A
257
Homes Sold
27
8
-70%
Average Selling Price
$319,679

$359,066

12%
Days on Market
93
114
23%
Price Per Square Foot
$123
$126
2%

As you can see, there was not a ton of activity in January 2009 as far as number of homes sold. Somehow, only 8 homes sold in Zionsville during the month which resulted in a 70% decrease in activity. What is odd is that even though only 8 homes sold the average sales price was up 12 % over last year. I say this every time I do a Zionsville report, but with so few homes selling it is very difficult to get a grasp for the status of the market based on just one month’s sales activity. We will have to wait a few more months to see how the Zionsville real estate market will fare in 2009.

If you are looking for a home in Zionsville, please visit our Indianapolis homes website to search all homes in Zionsville and the greater Indianapolis area. Some of Zionsville’s most popular neighborhoods include: Stonegate, The Willows, and Cobblestone Lakes.

Posted Tuesday Feb 10