In most respects, the Martinsville real estate market improved in comparison to where it was 1 year ago. Take total sales, for example: December’s total of 19, while down 17.4 percent versus the previous month’s total of 23, represents a 5.6-percent improvement relative to last December’s total of 18. Also, a monthly average of 24 closings took place, or 9.1 percent more, from October through December of this year compared to this same quarter in 2010.
A similar pattern held true for the statistic of pending sales. While the most recent total of 15 represents a 31.8-percent drop versus the previous month’s total of 22 it is nevertheless 15.4 percent better than last December’s total of just 13 pending sales.
While there was 8.4 percent less real estate for sale in Indianapolis in December compared to the previous month the decrease was less pronounced in Martinsville Indiana, as a total of 237 listings were still on the market, or 4 percent fewer, compared to the previous month’s total of 247. Compared to last December’s total of 220 Martinsville homes for sale this is a 7.7-percent increase.
Some other pertinent Martinsville real estate market statistics:
- Homes in Martinsville spent an average of 123 days on the market in December. While nobody wants to wait 123 days to sell a home this is sure better than the previous month’s average of 133 days. Over the past 12 months Martinsville properties have never averaged fewer than 84 days on the market. The 12-month average is 114 days.
- The average active price of $212,000 was up only slightly versus the previous month’s average of $210,000. Meanwhile, the average ‘sold’ price was $125,000.
- There were 12.5 months of inventory based on closed sales and 15.8 months of inventory based on pending sales.
- Homes in Martinsville went for an average of 83 percent of original list price and 93 percent of final list price.