Indianapolis real estate report for October 2011

As the year comes to a close let’s see how the Indianapolis real estate market fared in October for sold homes. Here are some stats for sold homes in Indianapolis for October 2011:

The average home in Indianapolis was sold for $120,770 and was on the market for 101 days. The average sales price per square foot was $64 and the average listing price to sales price is 95%. While the low and high numbers are interesting to look at, the average and the median numbers are far more informative about what is going on in the Indianapolis real estate market. There were a total of 673 homes sold in Indianapolis October 2011 which represents a 9% increase over last year.