First Quarter Real Estate Statistics

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Landrigan has released it's quarterly report on the real estate market here in central Indiana. Even though the numbers are down from a year ago, we can't help but be optimistic that the market will only improve from here. For the first quarter of 2007 (1/1/07-3/31/07):

Homes Closed:
2007--6,145
2006--6,988
% change from 2006 to 2007 -12.1%

Average Sales Price:
2007--$142,294
2006--$146,330
% change from 2006 to 2007 -2.8%

Final List Price vs. Sales Price:
2007--4.0% difference
2006--3.0% difference

Thanks to the Metropolitan Indianapolis Board of Realtors for the stats and for Landrigan for compiling the stats.

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