Noblesville Real Estate Market Report - August 2008
By Michael Taylor
(Red Door Real Estate)
Here are the stats for Noblesville real estate in August 2008 for homes under $500,000: 2007 2008 % Change Active N/A 622 Homes Sold 104 112 8% Average Selling Price $198,970 $166,836 -16% Days on Market 83 89 7% Price Per Square Foot $89 $82 -8% Don’t look now, but the number of homes sold is up for the second straight month. Of course the average sales price is down over last year but that deserves a little explaining. It appears that August 2007 was a banner month for Noblesville real estate with an average selling price of $198,000. This is WAY above the average of $172,000 and seems to be a bit skewed. That will sort itself out over the next few months; the real news here is the number of homes sold is up. Hopefully this means more and more people are realizing this is a great o...