Perry Township saw mixed results in 2 key statistical categories in October, 2011. For starters, there was an 8.8-percent rise in the total number of homes sold, from 80 in September to 87 in October. The latest figure also puts the Perry Township market 7.4 percent above where it was during last October. As well, from August through October of 2011 there were on average 84 closings per month, or 6.3 percent more, compared to this same quarter 1 year ago.
Where the mixed news results the picture is with total pending sales. In October, there were just 74 pending sales on the calendar, or 22.1 percent fewer, compared to the previous month’s total of 95. But compared to last October’s total of just 54 this figures to be a nice 37-percent increase in total pending sales–hence the “mixed results”. When the most recent quarter of 2011 is compared to this same period 1 year ago we see that there were 7.3 percent more pending sales in the monthly pipeline versus 1 year ago.
One real area of improvement came in the form of a 7-percent decrease in the total number of Perry Township homes for sale compared to the previous month’s tally of 617. Compared to last year’s total of 634 listings during this same month this is an even greater 9.5-percent decrease for this particular area of Indianapolis Indiana. Plus the average of 610 homes that were listed in this area of the Indianapolis real estate in from August through October of this year represents an 8.4-percent decrease versus this same period last year.
Some additional noteworthy stats for the Perry Township market:
- Homes spent an average of 85 days on the market in this area of Indy. While this is nearly 13 percent more time versus last October’s average of 78 days it is slightly better than the Perry Township 12-month average of 90 days.
- Of the 574 homes for sale 120 were new listings.
- The average active price was $127,000, while the average ‘sold’ price was $100,000.
- There were 6.6 months of inventory based on closed sales and 7.8 months of inventory based on pending sales.
- Homes went for an average of 88 percent of their original list price, and 96 percent of their final list price.