December in Fishers, Indiana gave buyers and sellers many gifts. The average days on the market dropped 23.1 percent from the previous month. November 2011 saw an average of 104 days on the market while December saw a steep decline to 80 days on the market. This downward trend also continued through numbers from the previous year. The average days the market for December 2011 dropped 18.4 percent when compared to December 2010 down from 98 to 80. There was a slight increase from the last quarter of 2010 (October to December) compared to the last quarter of 2011. An increase of 2.3 percent is seen in the small increase from 87 in 2010 to 89 in 2011.
Another bright light for the Fishers market was the increase in the difference between the sold and original list price. December 2011 saw a month-to-month increase of4.5 percent. November 2011 the purchase price was 88 percent of the list price while December 2011 saw an increase to 92 percent. The year-to-year comparison of the previous December also shows a slight increase of 1.1 percent. December 2010 saw the purchase price at 91 percent of the listing price. December 2011 increased that number by one to 92 percent of the list price. The comparison of quarters from the previous year to this year did see a decrease of 1.1 percent down from 92 percent to 91 percent.
Fishers Indiana real estate seemed to fare a little better compared with what the Indianapolis homes for sale market showed in regards to average days on the market. A positive in the Indianapolis market shows days on the market were down 2 percent from the previous month in 2011 from 100 to 98. The Fishers homes for sale market seems to be showing a faster stabilization rate than the Indianapolis market but the good news is that both markets are showing better numbers than the previous year.