| This just in from MIBOR
The Theme Continues For Now: Sales Prices Climb, Activity Slow |
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| According to MIBOR’s Monthly Indicators Report for January, the trend that defined much of 2010 continues in the first month of 2011 with strong median and average sales prices coupled with decreased sales activity. For the three months ending in January, median and sale prices increased by more than four percent each to $119,500 and $147,966 respectively. Closed sales are down 17.5 percent, new listings are down 10.7 percent and overall months of inventory is down to eight months – a 9.2 percent decrease over the same three month period a year ago.
If you are thinking about purchasing a home there is a nice supply of homes on the market and historically low interest rates which help to make this a great time to buy. To get more information on the homes available in the Danville area and surrounding Indianapolis market you can search on-line 24/7 at www.youripres.com. Feel free to contact us anytime at 745-0209 to get more information on Hendricks county real estate. Thanks, Don Steinmetz |
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