Fishers Real Estate Market Shows Solid Gains in June, 2012

The Fishers real estate market, at first glance, was nothing to write home about. But a closer look shows improvements took place in several key statistical areas. June’s total of just 130 pending sales, for example, while 19.8 percent below the previous month, nevertheless represents a healthy 11.1-percent improvement over last June’s total of just 117 pending sales. Also, from April through June of this year there were, on average, 147 pending sales in the pipeline each month, or 5 percent more, compared to this same period 1 year ago, when the average was 140.

Showing solid gains across the board were the latest figures for total sales. June’s total of 180 closings represents a solid 7.1-percent increase compared to the previous month’s total of 168. What’s more, compared to last June’s total of 150 closings this is a far greater increase of 20 percent. In yet another comparison, the average number of 164 closings that took place each month from April through June of this year represents a 24.2-percent increase relative to this same period in 2011.

June brought a bit of relief for anyone dismayed by what most experts consider a surplus of inventory, as total Fishers listings fell by 1.3 percent. The most recent total of 681 listings also represents a decrease of 4.1 percent relative to last year during this same month. From April through June of this year, the average number of Fishers homes listed for sale each month rose 3.9 percent compared to this same quarter 1 year ago. One final stat concerning total listings: Of the 681 homes on the market in June, 196 were new additions to the market altogether. This total, by the way, not only represents a 5.8-percent decrease versus the previous month’s total of 208 new listing, but a far greater decrease of nearly 15 percent versus last June’s total of 230 new listings.

View the complete, original article here.