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Decatur Township Pending Sales Up 26.3 Percent in March

The total number of pending sales in the Decatur Township area of Indianapolis continued on an upward trajectory that started in January of 2010, with pending sales totaling 20, 25, 38 and 48 in the four consecutive months that spanned December through March.  Also impressive is the fact that pending sales were up 92 percent compared to January of 2009 when there were just 25 pending sales.

With a total of 28 home sales March continued what has been a slow but stead rise from the paltry 16 sales that were recorded for January.  While this is a 16.7-percent increase from the previous month it is a 15.2-decrease compared to last year this same time and a zero-percent change from January, 2009.

With 261 Decatur Township homes for sale, March came close, but didn’t quite reach, the 15-month high of 269 total listings that belonged to August of 2009. There was a zero-percent change from January of 2009.

Homes spent an average of 66 days on the Decatur Township real estate market in March compared to 76 in February. Not only is this below the 12-month average of 78.5 days on market it is also down 17.5 percent from last March’s average of 80 days on market.

There was good news for sellers in the fact that the sold-list differential reached a 15-month high of 98 percent, up 2 percent from January and up 5 percent from March of 2009.  Over the past 15 months buyers have paid less than 91 percent of list just once: January of 2009. The average sold-list differential over the past 12 months is 95.8 percent.  The average over the past 15 months is almost 95 percent exactly.