While not as much improvement could be seen in the Greenwood real estate market in January of 2012 compared to other nearby Central Indiana cities, there were at least some positive stats to report. Total sales, for example, fell 36.6 percent, from 82 in December of 2011 to just 52 in January. The upside to this is that it represents a 2-percent improvement compared to January of 2011.
There was a similar theme with total pending sales. While January’s total of 58 represents a 1.7-percent decrease versus the previous month, it is nevertheless a 5.5.-percent improvement compared to last January’s total of 55. Also, from November of 2011 through January of this year there were on average 62 pending sales per month, or 5.1 percent more, compared to this same period 1 year ago, when the per-month average was 59.
In January there were 531 homes for sale in Greenwood, or 0.7 percent more compared to the previous month. More importantly, this represents a 15.4-percent decrease versus January of 2011. By way of comparison, there was a 2.4-percent drop in the availability of real estate and homes for sale in Indianapolis in January compared to the previous month, and a 17-percent drop versus January of 2011. Finally, from November of 2011 through January of this year the market in Greenwood Indiana saw a 14.6-percent decrease in the average number of homes listed for sale on a per-month basis compared to this same quarter 1 year ago.
Some Other Pertinent Greenwood Real Estate Market Statistics:
- Homes in Greenwood spent an average of 93 days on market in January, up slightly versus the previous month’s average of 102 days. This is also slightly improved versus last January’s average of 95 days on the market. The 12-month average time on market in Greenwood is 96 days.
- Homes in Greenwood went for an average of 87 percent of their original list price. This is down 4 percent versus last January’s figure of 91 percent. The sold-list differential based on final list price was better at 96 percent.
- The absorption rate based on closed sales was 9.8 percent, while the absorption rate based on pending sales was 10.9 percent.
- The median price was $119,000.