The number of Indianapolis homes for sale in Washington township rose slightly from December to reach a total of 1,025. Not surprisingly for the middle of a winter in Indianapolis Indiana, the number of homes sold remained low, matching its December ’09 total of just 85.
The average cost per square foot paid for a home in Washington Township was just $59 compared to a 6-month peak of $76 that was reached in September of 2009.
There were 12.1 months of inventory based on closed sales, and 11.3 months based on pended sales. The absorption rate based on closed sales was 8.3 percent. The absorption rate based on pended sales was 8.3 percent.
The average home spent a total of 88 days for sale on the Washington township real estate market. The sold-list differential was right around 94 percent. The average ‘sold’ price of a home in Washington township was approximately $138,000, down from December’s total of $177,000. The average active price for a listing was $264,000. Washington township represents a subset of the Indianapolis real estate market.