Greenwood Homes Sales Up 31.5 Percent in April

From a 1-year perspective, pending sales in Greenwood, Indiana were up 11.6 percent as there were just 118 pending sales in April of 2009. Meanwhile, the total number of pending sales dropped 5.8 percent, from 139 in March to 131 in April, 2010. This drop, however, was more than offset by a 31.5-percent increase in the total number of completed sales, with 117 April compared to just 89 the previous month. This is also a 25.8-percent versus the 93 sales of last April. The total number of Greenwood homes for sale rose from 675 in March to 692 in April for an increase of 2.5 percent. Compared to the 792 listings of last April, however, this is a decrease of 4.2 percent.

One thing that homes listed on the Greenwood real estate market have had going for them is a respectable sold-list differential that has averaged 96 percent over the most recent 12-months. April checked in at 97 percent in this category.

The average price paid per square foot rose from $64 in March to $69 in April. As this price has averaged $68.50 over the most recent 12-months there are some real bargains to be had in Greenfield, Indiana.

Some other pertinent stats:

  • The average ‘sold’ price was slightly from $143,000 the previous month to $144,000 in April. This was down 5.2 percent from the 12-month average of $152,000.
  • The average active price was $212,000 compared to $226,000 last April. Coincidentally, the 12-month average for this metric is $226,000.
  • There were 5.9 months of inventory in April based on closed sales compared to 7.6 months in March. There were 5.3months of inventory based on pending sales in April compared to 4.9 months in March.
  • The absorption rate based on closed sales in April was 16.9 percent, while the absorption rate based on pending sales was 18.9 percent.