The Greenwood real estate market experienced a healthy 42.6-pecent surge in the number of closings that took place in December in comparison to the previous month. December’s total of 77 closings is also 6.9 percent above last year’s total of 72 during this same month. With a monthly average of 69 closings from October through December of this year there was no change versus this same period in 2010, which also averaged 69 closings per month.
Total Greenwood pending sales fell 13.2 percent, from 68 in November to just 59 in December. Unlike other nearby central Indiana cities that improved versus 2010, the Greenwood market was not as lucky. Versus December of 2010’s total of 63 this is a 6.3-percent decrease in total pending sales.
Whereas there were 8.4 percent fewer Indianapolis houses for sale in December compared to the previous month, the city of Greenwood Indiana saw a somewhat lesser 7.3-percent decrease over the same period. Compared to last December, there were 16.7 percent fewer Greenwood homes for sale.
Some other noteworthy Greenwood real estate market statistics:
- Average time on market has not been one of the Greenwood market’s strong points, as homes in this area of central Indiana have not averaged fewer than 72 days on the market over the past 15 months. In December, 2011 homes spent an average of 101 days on the market. The 12-month average in Greenwood is 96 days.
- Homes went for an average of 89 percent of original list price, and an average of 96 percent of final list price.
- The average ‘sold’ price of $157,000 was up 9 percent compared to December of 2011’s average of $144,000.
- The average active price of $201,000 remained unchanged from the previous month and barely below last December’s average of $203,000.
- The average price per square foot was $9.