The Greenfield real estate market was looking very much improved in several key areas in January, 2012. Starting with total sales, there was a 9.7-percent increase in closings compared to the previous month’s total of 31. But most impressive was the fact that January’s total of 34 closings represents an incredible 126.7-percent increase versus January of 2011! Also, there were on average 30 closings per month from November of 2011 through January of this year, or 20 percent more, versus this same quarter 1 year ago.
Another area of major improvement was that of pending sales. January’s total of 37 pending transactions was up 60.9 percent over the previous month’s total of just 23. More importantly, this is also a 42.3-percent increase over last January’s total of just 26 pending sales. And, from November of 2011 through January of this year there were on average 20 percent more pending sales in the pipeline compared to this same quarter last year.
There were 260 Greenfield homes for sale in January, or 7.1 percent fewer, compared to the previous month’s total of 280. In a market that already has too many listings this is good news indeed. In comparison, there were 2.4 percent fewer Indianapolis homes for sale during this same period. Compared to the 326 homes for sale in Greenfield last January the most recent figure of 260 represents a very healthy 20.2-percent decrease. Finally, the market in Greenfield Indiana averaged 278 listings per month from November through January of this year, or 13.4 percent fewer, compared to this same period 1 year ago.
Other Pertinent Greenfield Real Estate Market Statistics:
- Homes in Greenfield spent an average of 117 days on the market in January, up 9.3 percent versus the previous month’s average of 107 days. Compared to last January’s average of 72 days this is 62.5 percent more time spent on market. The 12-month average time on market in Greenfield is 102 days.
- The sold-list differential based on original list price averaged 89 percent in January. The average sold-list differential based on final list price was 93 percent.
- There were 7.6 months of inventory based on closed sales and 7 months of inventory based on pending sales.
- The absorption rate based on closed sales was 13.1 percent, while the absorption rate based on pending sales was 14.2 percent.