Zionsville Real Estate Market “Spotty” in September, 2012

“Spotty” might be a good word to describe the Zionsville real estate market in September, 2012. For while some statistically significant improvements were seen, the market regressed more than a little bit when it came to other key indicators. But considering this is the time of year the Zionsville market typically slows down, none of this is especially remarkable. Take total sales as an example: September’s total of 36 closings represents a 35.7-percent decrease versus the previous month’s total of 56. But compared to a year ago, this actually translates into a net increase of nearly 6 percent in total sales. Also, from August through September of this year there was an increase of 16.7 percent in the average monthly sales volume versus this same quarter 1 year ago.

Pending sales did not fare as well as our previous stat. The most recent total of 24 pending transactions represents a precipitous 52-percent decrease versus previous month’s total of 50. And compared to last September’s total of 28, it is a decrease of 14.3 percent. Coincidentally, like our previous stat, there was a 16.7-percent increase average number of pending sales from August through September of this year relative to this same period 1 year ago.

One important stat to watch is that of total listings. With the market heading into its perennial fall slump, it’s a good thing that the number of homes for sale in Zionsville fell by 5.4 percent versus the previous month’s total of 257. Moreover, September’s total of 243 listings represents a 22.9-percent decrease compared to this same month 1 year ago. And, from August through September of this year there were, on average, 258 homes on the market each month, or 18.4 percent more, compared to this same time last year.

View the complete, original report here.