The total number of Greenfield homes for sale, which had held steady from August through October of 2009, finally began its descent in November only to reach a 6-month low of 289 listings in January, 2010. During this same time period the total of homes sold dropped 42 percent from a 6-month high of 47 units in October, 2009 to just 20 units sold in January, 2010. Pending sales were up slightly at 30
The average time spent on the Greenfield real estate market was around 73 days, with sellers receiving an average of 95-percent of the list price.
A few other stats:
- The absorption rate based on pended sales was approximately 10.4 percent.
- The absorption rate based on closed sales was approximately 6.9 percent.
- The median sale price was around $120,000.
The town that was once home to American poet James Whitcomb Riley, Greenfield, Indiana is still a nice place to live with a variety of architectural styles – something no statistical snapshot can fully capture.