Menu 

Noblesville Market Slows Down in September, 2012

The Noblesville real lived up to expectations in September of 2012; which is to say it slowed down as it always does this time of year. Despite this fact, some very clear improvements could be seen in comparison to where the market was this same time of year in 2011. Pending sales fell 21.2 percent, for example, versus the previous month’s total of 137. But compared to last September’s total of just 82 pending sales the most recent total of 108 represents a significant increase of nearly 32 percent. Also, from August through September of this year there were, on average, 133 pending sales logged each month, or 16.7 percent more, compared to this same quarter in 2011.

The news in regard to total sales, while not bad, wasn’t as great. September’s total of 121 closings represents a 24.8-percent decrease in sales versus the previous month’s total of 161. And while this is not an improvement versus 1 year ago, it represents a decrease of barely 1 percent. In another comparison, the average number of closings that took place each month, from August through September of this year, rose 14.8 percent versus this same period 1 year ago.

Another positive development for the Noblesville market came in the form of a 1.2-percent decrease in the number of homes listed for sale. But September’s total of 581 listings is represents a far greater 10.8-percent decrease compared to last year’s total during this same month. Moreover, there were, on average, 9.9 percent fewer homes listed on the market from August through September of this year compared to this same quarter in 2011.

View the complete, original report here.