Michael Taylor

Here is the Noblesville Indiana real estate report for September 2008 for homes under $500,000:

For the third straight month in a row we have seen an increase in sales activity. The number of Noblesville homes sold is up 6% over last year. In addition, although not quite as exciting, the average sales price was basically unchanged when compared to last year. Somehow the average days on the market in Noblesville is significantly down over last year taking 14% or 14 days LESS to sell a home this year. This is quite good news for Noblesville and we can only hope this trend continues.

If you are looking at purchasing a home in Noblesville, please visit our Indianapolis real estate and homes for sale website to search all homes for sale. If you are considering Noblesville, you may also want to visit our Fishers real estate or Carmel Indiana real estate pages to see what is available in those areas as well.

Here is what happened for all Zionsville Indiana real estate and homes for sale in September 2008 for homes under $700,000:

Not a great month for Zionsville real estate; both the number of homes sold is down and the average sales price is down. It is also taking longer to sell a home in Zionsville this year. The average days on the market is up 10% or 7 days over last year. I still think that 80 days to sell a home in this market is not bad at all. The absorption rate, or number of months supply of homes, ticked up a little bit from last month’s 7.85 to 8.04.

Even though the numbers look pretty sad for Zionsville homes, I have faith in the market. What I know is that Zionsville, like Carmel real estate, offers a great lifestyle to its residents and people will always have a desire to live in Zionsville. If you are considering Zionsville or any other real estate in Indianapolis, visit our website for more information about the area and to search homes for sale.

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

For the second straight month, the Fishers real estate market has shown an increase in the number of homes sold. This is quite amazing in this real estate climate. Of course it cannot be all good news; the average selling price is down slightly over last year. It is also taking 7% or 5 days longer to sell a home this year versus last. However, 73 days on the market is still quite impressive these days. What is very encouraging to me is that we have only a 5.57 months supply of homes on the market in Fishers at the current moment.

I know the doom and gloom dominate the media these days, but I am seeing signs of recovery in our market. Fishers will be one of the areas that will turn around the soonest and the fastest. If you are considering purchasing a home, please visit our Fishers Indiana real estate and homes website to view all homes that are available on the market. You can also search for homes for sale in Indianapolis and the rest of the surrounding areas including Carmel homes for sale.

Here is a glance at what happened on the market for Carmel Indiana homes under $700,000 in September 2008:

The number of homes sold is again off pretty significantly over last year. After a slight gain in the average sales price over the past couple months, this month saw a relatively big dip in the average sales price compared to last year. Let’s hope this is an anomaly, but the average sales price for September 2008 was the lowest it has been for the entire year in Carmel. In addition, September 2007 had an unusually high average sales price compared to the rest of the year. Let’s hope things even out over the next few months and we get back into positive territory for average sales price.

If you are considering purchasing Carmel real estate, now is a great time to pick up a home and get some great deals. The Carmel market remains strong, but there are deals to be had. You can visit our website to search for all homes for sale in Carmel, please visit our Carmel Real Estate Blog to stay up to date on news and events in Carmel.

Don’t look now, but the Indianapolis real estate market just had its best month of the year. Here is a look at what happened in September for homes under $500,000 in Indianapolis:

The number of homes sold is down over last year, but only by 9.72% not by the 20 and 30 percent that we have been seeing in previous months. In addition, this is early in the month and this number will inevitably grow as agents close out the lagging deals from last month in the MLS. In addition to the vast improvement in the number of homes sold, the average sales price is basically unchanged over last year. Previously this year, we were seeing double digit decreases in the average sales price. Hence an unchanged average selling price is great news.

I don’t want to get too excited just yet, but Indianapolis real estate could be on the rebound. Several experts predicted it would be Q3 of 2008 that we would see a recovery. Hopefully we have hit bottom, the problem is you never know when you hit bottom until far after you have. Right now is a great time to take advantage of these prices and purchase a home.

If you are interested in purchasing either existing or new homes in Indianapolis, please visit our website to search all homes for sale in the Indianapolis MLS.