Realty World Indy

Phone:
317-324-8331
Fax:
317-468-9909
Contact Us

Realty World Indy

Phone:
317-324-8331
Fax:
317-468-9909
Contact Us

Fishers Market Report - March 2019

People routinely ask me about the Fishers Indiana Real Estate Market.  This blog posting will give you some of the basic statistics concerning the Fishers Indiana Real Estate Market.  For purposes of this report, sales refers to the number of properties sold during the month of March 2019 in Fishers Indiana.  Pending refers to the number of properties that are currently under contract and expected to close in April or May 2019.  Active refers to the number of properties that are currently actively listed in the Fishers, Indiana Real Estate Market.  Average days on market (DOM) refers to the average number of days it took the properties that were closed in March to sell.  This report is organized by price range.

Price Range Sales Pending Active Average DOM
$100K-$200K 35 34 5 24
$200K-$300K 64 99 39 32
$300K-$400K 38 88 86 85
$400K-$500K 14 36 54 110
$500K-$600K 5 16 47 144
$600K-$700K 5 6 17 191
$700K-$800K 4 5 17 168
$800K-$900K 1 4 3 307
$900K-$1M 0 1 3 113
$1M+ 2 5 31 107

Conclusions that we can draw from these stats concerning the Fishers Indiana Real Estate Market:

1)  It's a seller's market below $300K.  In this market, there is a shortage of inventory and buyers are competing for properties.

2)  It's a balanced market in the $300K-$400K price range.  In this market, there is a good balance between inventory and buyers.  Seller's can expect to negotiate somewhat on the price.

3)  It's a buyer's market above $400K price range.  In this market, there is an abundance of inventory, meaning that it will take longer for properties to sell and the seller will need to be prepared to negotiate more on the price of the property.

To watch a video presentation of this report:  Click Here 

Realty World Indy is a full service real estate company serving Clients in the Indianapolis area and surrounding counties.  We are affiliated with Realty World International, which has been serving real estate clients for more than 50 years.