Continuing the market's trend: Hamilton County reports 62 homes that went under contract last week while Marion County saw 173 homes pend. 

The numbers for July are in and according to MIBOR here are the Highlights:

 

  • During May to July 2010, average sale price increased 5.7% when compared to the same period in 2009. 
  • Average Sale Price increased 8.9% during July 2010 when compared to July 2009.
  • Closed Sales decreased 4.1% during the three month comparison and decreased 30.4% during July 2010 when compared to July 2009.
  • Pended sales during May to July 2010 decreased 30.7% when compared to the same three month period in 2009. The one-month comparison recorded a 27.2% decrease during July 2010 from the same month in 2009.
The numbers, in terms of pending and closed homes during July are the direct result of of the Home Buyer Tax Credit and its original June closing expiration. 
While we are still feeling these effects, the folks that are looking to buy are serious. If you are considering selling your home, bear in mind that your showings will be low but the quality will be very high.
Have a great week!