According to the National Association of REALTORS®, Congress has extended and expanded the First time homebuyer tax credit
First time homebuyer tax credit has been extended
November 7th, 2009
Westfield Market Update – October
November 5th, 2009
What’s the housing market look like in Westfield IN? According to the Metropolitan Board of Realtors, there were 483 single family homes and condominiums on the market in Westfield, IN., at the end of October, which is a 16% decrease from the same period last year. In October of 2008, there were 573 active listings. The average list price in the area was $245,873 and the average sales price was $234,565.
During the month of October there were 59 homes that sold averaging 95 days on the market, a slowdown from October 08, which averaged 68 days on the market. Recent sales may be indicators of perceived value. Additionally, there were 40 pended sales or homes ‘under contract’ waiting completion. Sellers are receiving an average of 95.5% of list price which is slightly less than October 08. The market has slowed down, as evidenced by the number of days on the market. The following chart gives a comparison of October 2009 to October 2008:
|
Category |
October 2008 |
October 2009 |
# Change |
% Change |
|
Sold |
51 |
58 |
7 |
- 13.7% |
|
Ave. List Price |
$223,061 |
$245,873 |
$22,812 |
10.2 |
|
Ave. Sales Price |
$214,133 |
$234,565 |
$20,432 |
9.5% |
|
List/Sales % |
96% |
95.5% |
.5 |
.5% |
|
Ave. DOM * |
68 |
95 |
27 |
39.7% |
|
|
|
|
|
|
For previous months click here
*DOM – days on market
Figures were pulled from the MLS 11/04/2009