Indianapolis Indiana Real Estate

2011 Local Housing Market Closing in on a Positive Year

Central Indiana housing numbers held strong for the month of November, while a 12-month review of key metrics puts the market even or slightly better than 2010. According to the latest MIBOR Monthly Indicators Report of Broker Listing Cooperative® data to be released Tuesday, Dec. 27, pending sales, closed sales, median and average sales prices rose in the three-month comparisons to last year. All those indicators rose in the November only comparison with the exception of median sales price which slipped by 3.2 percent in November to $120,001.

Closed sales were up 13.0 percent in the quarter ending in November compared to the same time period last year. Median sales price rose 4.1 percent and average sales price rose 5.9 percent in the quarter, consistent with the price stability seen all year. New listings were down 10.7 percent in the three months ending in November. Months of supply of inventory dropped slightly to 9.0 months for the quarter.

Monthly numbers are encouraging as well. For the month of November, closed sales rose 15.2 percent over November 2010. Pending sales for the month were up an encouraging 11.9 percent for the month.
 

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2010 was a great year for me.  I ended up as the #3 RE/MAX Individual Agent for Indianapolis.  If you are thinking about selling a home, let me know.  On Average, my listings sell in 50 days.

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The Randy Worrell Group offers Over 25 Years of Experience and unparalleled service to ALL clients in the Indianapolis Indiana real estate market. Your complete satisfaction with our service and representation is our number one priority.

The Randy Worrell Group serves the entire Indianapolis Real Estate market including the surrounding communities such as Carmel Real Estate, Fishers Real Estate, Geist Real Estate, Lawrence Real Estate, Noblesville Real Estate, Westfield Real Estate, Zionsville Real Estate, Avon Real Estate, Brownsburg Real Estate, Eagle Creek Reservoir Real Estate, Geist Reservoir Real Estate, and Morse Reservoir Real Estate.

Whether you are considering buying a home, selling a home or both, we know this area inside and out.

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Let us know if there is something specific you are looking for and we'll find what you need.  Enjoy your visit and please contact us if there is anything we can do to make your next home buying or home selling experience the best it can be!

Sincerely,
The Randy Worrell Group