Southern Indiana REALTOR® ~ Brett Mumaw

Good morning everyone! Another gloomy day here in Southern Indiana with the temperature dropping rapidly. I don't really like all the weather changes, but I guess it isn't up to me!

Hope everyone is having fun getting ready for Christmas. Only 15 more days! It is really hard to believe I know.

Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 16, 2008:

Active Listings Stats

• 2,400 homes currently on the market
• $170,985 is the average list price of those homes
• There is currently 15.8 months of inventory*

Last 30 Days Stats

• 152 homes sold
• The average sales price was $119,549
• The Sales Price vs. List Price was 95.6%**
• The average Days on Market was 103***
• There were 346 new listings on the market
• There were 349 listings that were either canceled, withdrawn or expired

Last 12 Months Stats

• 2,626 homes sold
• The average sales price was $128,628
• The Sales Price vs. List Price was 96.3%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest. This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings. In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close. The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months. Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Hello everyone. I hope you're all having a wonderful day today despite this great weather we're having here in Southern Indiana.

Awhile back I wrote about opportunites being everywhere. Well the only thing that has changed is it is even better now! Combine the already low prices with the fact that the interest rates are lower than they've been in years and you get an unbelievably good time to buy!

Below are some links to some recently listed properties in the market. There are vacant properties mainly such as foreclosures, estate sales or relocation property. There are also properties listed as having tenants currently.

Recently Listed Vacant Investment Opportunities

Recently Listed Properties with Tenants

Listen, I'm sure some of you are thinking "Of course he's saying it's a great time to buy. He has to sell houses to live". And you would be right. But I want you to know that my job first and foremost is the well-being of my clients. My job is to look after their best interests even ahead of my own.

Houses are selling everyday. These properties aren't lasting long because there are smart investors out there stock piling properties at bargain prices. They would rather me not even mention this because it will only add more competition for them.

Please let me know if I can answer any questions that you have about real estate investing or any other real estate related topic. Also, if you know anyone looking to buy or sell a home, let me know and I'll help them every way possible without applying any pressure whatsoever.

Thanks everybody and have a great day!

Hello everybody! One more week (almost) until Thanksgiving! Hope everyone is staying warm out there.

Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 16, 2008:

Active Listings Stats

• 2,501 homes currently on the market
• $172,444 is the average list price of those homes
• There is currently 15 months of inventory*

Last 30 Days Stats

• 167 homes sold
• The average sales price was $121,014
• The Sales Price vs. List Price was 96%**
• The average Days on Market was 111***
• There were 466 new listings on the market
• There were 380 listings that were either canceled, withdrawn or expired

Last 12 Months Stats

• 2,661 homes sold
• The average sales price was $129,117
• The Sales Price vs. List Price was 96.4%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest. This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings. In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close. The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months. Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Well it's official. I don't like cold weather! Where did my sunshine go? Oh well, might as well get used to it because it's probably going to be a while before it comes back. Hope everyone is having a wonderful week. We had some major news announced today during our sales meeting. I am pretty excited about it. I'm not going to tell anyone what it is yet, but it will be awesome for both buyers and sellers. More to come soon!

Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 9, 2008:

Active Listings Stats

• 2,498 homes currently on the market
• $172,352 is the average list price of those homes
• There is currently 14.9 months of inventory*

Last 30 Days Stats

• 168 homes sold
• The average sales price was $119,340
• The Sales Price vs. List Price was 96%**
• The average Days on Market was 109***
• There were 457 new listings on the market
• There were 394 listings that were either canceled, withdrawn or expired

Last 12 Months Stats

• 2,682 homes sold
• The average sales price was $130,059
• The Sales Price vs. List Price was 96.4%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest. This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings. In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close. The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months. Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Hello everyone. What an unbelievable week here in Southern Indiana. The weather has been absolutely gorgeous. Too bad it can't last forever. To be honest, I kind of like the change. These next two months are my favorite time of year with Thanksgiving and dare I say it, Christmas right around the corner! Anyway, hope you're all having a great week!

Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 2, 2008:

Active Listings Stats

• 2,482 homes currently on the market
• $173,495 is the average list price of those homes
• There is currently 14.8 months of inventory*

Last 30 Days Stats

• 168 homes sold
• The average sales price was $121,516
• The Sales Price vs. List Price was 96%**
• The average Days on Market was 110***
• There were 443 new listings on the market
• There were 408 listings that were either canceled, withdrawn or expired

Last 12 Months Stats

• 2,698 homes sold
• The average sales price was $130,313
• The Sales Price vs. List Price was 96.4%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest. This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings. In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close. The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months. Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.