Greenwood, IN

Here is a quick glance at what has happened on the Greenwood Indiana real estate market for December 2007:

The numbers for the Greenwood real estate market are typical with the current market conditions in other areas of Indianapolis. The number of homes sold is down and the average selling price down slightly over last year. The good news for the Greenwood market is that there is only a 6.18 months supply of homes on the market; this indicates that it is still a buyer’s market, but the market is not completely flooded with homes.

If you are looking for Greenwood homes for sale, visit our website for more local information and search homes for sale. Rebate Real Estate services the entire metro area; visit our Indianapolis real estate website for more information about us.

Active:

There are currently 603 active properties for sale on the Greenwood real estate market with an average asking price of $186,248. The average home that is currently for sale is listed for $94 per square foot and has been on the market for 114 days.

Sold:

November 2007 saw 94 Greenwood homes sell with an average selling price of $157,867. The average home that sold took 97 days to receive a contract and sold for $82 per square foot. In November 2006, 83 homes sold on the Greenwood real estate market with an average selling price of $157,548. These homes averaged 87 days on the market and $82 per square foot.

Over the past 12 months, 1223 Greenwood homes have sold with an average selling price of $161,622. From this and the current homes on the market, we are able to see that the Greenwood real estate market has a relatively healthy 5.92 months supply of homes currently on the market.

While the average selling price is basically unchanged over last year, the unbelievable news for Greenwood in November is that the number of units of sold is up 13% over last years numbers. This is absolutely incredible with the current market conditions and other areas of Indianapolis reporting losses or stagnant numbers. Hopefully, this is the start of resurgence for the Greenwood real estate market.

If you are interested in Greenwood real estate, you might also be interested in Indianapolis real estate.

All figures are based on Greenwood homes under $500,000.