Warren Township Real Estate Report

There was a significant decrease of 28.4 percent in the total number of homes sold in Warren Township in February, 2010 compared to the previous month.  However, this was offset by a reciprocal increase in the total number of pending sales, with 107 slated for February versus just 77 for January.  February’s total of 107 pending sales matched exactly the figure for February of 2009 while the total number of homes sold was down 28.4 percent compared to this same time last year.

The total number of homes for sale in Warren Township decreased 2.3 percent, going from 834 in January to 815 in February.  This an 11.6-percent decrease on the year and a 16.3-percent decrease over the past 15 months.

Warren township homes spent an average of 78 days on market in February compared to 95 the previous month and 102 a year ago.  This represents decreases of 17.8 and 23.5 percent respectively.

At 96 percent, the sold-list differential was up slightly from January’s average of 95 percent and up 4 percent from last February’s average of 92 percent.

The good news for buyers of properties located in this area of Indianapolis, Indiana was that the average cost per square foot remained affordable at just $35.  While is up 9 percent from Last February’s average of $32 it is down 4.3 percent from the 12-month average of 39.3 percent per square foot for Warren Township real estate.

Some other pertinent stats:

  • The average active price was $98,000.  This is up 2 percent compared to last year this same time.
  • There was 14.1 months’ worth of inventory based on closed sales.
  • There was 7.6 months’ worth of inventory based on pended sales.