Noblesville Indiana Real Estate Report - September 2007

Along with the rest of the Indianapolis real estate market, Noblesville’s numbers for September 2007 are down slightly in both number of units sold and the average selling price.  The statistics for Noblesville this month were showing some very weird numbers, so I had to filter them a little bit.  Just so there is full disclosure, the numbers here are based on sold homes in Noblesville from $100,000 -$500,000.  This is where the majority of the homes are priced anyway, so I don’t think it will skew the numbers that much at all.

September 2007 saw 63 Noblesville homes sell with an average selling price of $173,003.  The average home took 99 days to sell and received 96% of the asking price.  September 2006 had 77 homes sell with an average selling price of $179,802.  The average home in September received 97% of the asking price and was on the market for 84 days.  Hence, you can see a decrease of 11% in the amount of homes sold and a decrease of 8% in the average selling price.

As of today, there are currently 612 active listings on the market with an average asking price of $206,948.  The average home on the market is a 3 bedroom 2 bath with 2092 square feet.  Over the past twelve months, 1055 homes have sold on the Noblesville real estate market; this means if no new homes were added there is a 6.96 months supply of homes on the market.  

While this is not an ideal time to be attempting to sell your house, now is a great time to scoop up a great deal on Noblesville homes.  If you are interested in purchasing Noblesville real estate, please contact Mike Taylor at Rebate Real Estate to learn how you can qualify for a 50% commission rebate on your next home.

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