Greenwood, IN

August 2008 did not turn out to be a great month for Greenwood Indiana real estate. Here is a quick glance at what happened on the market for homes under $500,000:

Both the number of homes sold and the average sales price were down by double digits compared to last year. I expect the number of homes sold to be down just because that is the way the market is right now. However, I didn’t expect to see such a decrease in the average sales price. If it is any consolation, the 10% decrease in sales price seems to be way off for the year with the YTD average being only a 4% decrease. Let’s hope September posts some better numbers for Greenwood.

If you are thinking about purchasing a home in the Greenwood area or any other Indianapolis real estate please visit our website for the most up to date listings. You can search the entire Indianapolis MLS on our site and search by just about anything imaginable.

Here is a look at what happened on the Greenwood real estate market for homes under $500,000 in July 2008:

Pretty much the same old story here: the number of homes sold is down and the average selling price is slightly down. The previous two months actually saw an increase in the average sales price, but this month we see a 4 % decrease in sales price over last year. What is a little weird is that the average days on the market are actually down over last year, taking 7% or 6 days less to sell a home this year on the Greenwood IN real estate market. Greenwood appears to be a relatively stable market but it is still tipped in the buyer’s favor at this point. Currently, there is a 7.84 months supply of homes available which is certainly not terrible but it does indicate a buyer’s market.

If you are considering purchasing a home in Greenwood, please visit our Indianapolis real estate website to search for all homes available in Greenwood and the greater Indianapolis area. Here you can search the Indianapolis MLS for all homes for sale by map, schools, or just about anything else.

Are you new to Greenwood Indiana or Franklin Indiana and looking for a Farmers Market?

Greenwood Farmers Market is located behind the Greenwood Library, and is open from 8:00 A.M. to 12:00 noon on Saturdays through September. The address is 310 South Meridian Street, again located behind the Greenwood Library.

The Franklin Famers Market is located at the Courthouse Square in downtown Franklin, and is open from 8:00 A.M. to 11:0 A.M. Saturdays. It is also open from 3:00 P.M. to 6:00 P.M. on Wednesdays.

If you are relocating to Greenwood Indiana or Franklin Indiana and looking for a house to buy, keep us in mind for your real estate needs.

Heather in Indy

www.SmithFitzgeraldTeam.com

The Greenwood Indiana real estate market still doesn’t seem to be showing any signs of recover just yet. The number of homes sold is down and the average sales price is also down. Here is a look at what happened on the Greenwood real estate market for homes under $500,000 in April 2008:

The number of homes sold is down 28% over last year and the average sales price is also down 10%. Not good. The only good news is that the average days on the market is actually down over last year; taking 3% less time to sell a home. Greenwood has 736 homes currently on the market and 1170 homes sold over the past 12 months; this means there is currently a 7.55 months supply of homes on the market. While this is not great, it is certainly manageable but it does indicate Greenwood is still a buyers market.

If you are interested in purchasing a home in Greenwood, visit our Indianapolis real estate website where you can search all the homes for sale on the Indianapolis MLS. If you are looking for a new home, you might want to take a look at our Indianapolis new homes page to see builders that we provide a commission rebate on.

The Greenwood Indiana real estate market had a 20% increase in sales for January, but is showing a significant decrease in sales in February 2008. In addition to the number of Greenwood homes selling, the average sales price is also down. Here is a quick look at what happened in Greenwood for February 2008 for homes under $500,000:

A quick note about the days on market, there is a home that is throwing the numbers way off with a days on the market of over 10,000. Obviously something is wrong, as that home has not been the market for over 27 years. Throwing that out, we are still looking at some pretty bleak numbers for Greenwood homes in February 2008. As with some of the other north side neighborhoods such as Carmel real estate, the absorption rate appears to staying at a manageable level with only a 6.67 months supply of homes currently on the market. Spring is right around the corner and hopefully that along with the new tax bill will galvanize the Greenwood real estate market.

If you are considering purchasing or selling Greenwood real estate, contact Mike Taylor at Rebate Real Estate to learn more. You can also visit our Indianapolis real estate website to learn more about our 50% commission rebate offer.