With total sales having fallen 37.1 percent in January, 2012 the Brownsburg real estate market would hardly seem to have improved, at least not on the month. But in what is perhaps a more meaningful measure of performance, namely, the 1-year comparison, the market improved by a healthy 10 percent. An even greater improvement could be seen by comparing the average number of homes sold per month from November through January of this year to this same period 1 year ago. In this comparison, there was a 19.2-percent increase in the most recent quarter relative to this same quarter last year.
Total pending sales also improved as there were 30 pending sales in the January pipeline compared to the previous month’s total of 26, making it a 15.4-percent improvement on the month. Moreover, this was also improved compared to last January, which also tallied 26 pending sales. There was a huge, 40.9-percent improvement in the average number of pending sales that were logged from November through January of this year compared to this same period 1 year ago, or 31 versus 22 respectively.
One stat that improved nicely, at least from the standpoint of where the current market is compared to last year’s, was that of total listings. There were 241 homes for sale in Brownsburg in January. While this is 0.4 percent more compared to the previous month, it is 11.4 percent less versus January of last year. By way of comparison, there were 2.4 percent fewer homes for sale in Indianapolis, IN in January compared to the previous month, and 17 percent fewer versus January of 2010. Finally, there were on average 246 listings in Brownsburg Indiana from November through January of this year, or 10.2 percent fewer, compared to an average of 274 during this same period 1 year ago.
Some other Brownsburg Real Estate Market Statistics:
- Homes spent an average of 102 days on the market in January compared to the previous month’s average of 95 days, making it a 7.3 percent worsening overall. However, compared to last January’s average of 117 days this is actually an improvement of nearly 13 percent. The 12-month average time on market is 103 days.
- The average sold-list differential based on original sales price was 88 percent. The average differential based on final sales price was 96 percent. These 2 figures average 88 and 96 percent respectively over the past 12 months.
- There were 11 months of inventory based on closed sales and 8 months of inventory based on pending sales
- The absorption rate was 9.1 percent based on closed sales and 12.4 percent based on pending sales.