Winter 2012 Market Update
Housing prices continue to remain stable to slightly higher. This is a continuing trend that enables the central Indiana market to remain viable compared to many areas of the country that are in decline after speculative price increases. Greenwood/Indianapolis is an excellent value marketplace.

Average Home Price $200,000 - View Graph Trend
Average Price Compared to Last Year No Change
Average Time on Market More than 120 days
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$300,000 - $349,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend Increasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Greenwood isDecreasing
Seller Activity for the past 90 days in Greenwood is?No Change
Multiple Offers?No
Multiple Offers CommentaryForeclosures are about the only multiple offered homes
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaIndianapolis, IN
Housing Hot SpotsWhite River Township, Greenwood; Perry Township, Indianapolis
Average Sold Price $200,000 - View Graph Trend

Greenwood Local News


News for Greenwood, IN - Monday October 5th, 2009 3:04pm
GREENWOOD IS A VIBRANT COMMUNITY THAT BORDERS THE SOUTHERN BOUNDARY OF INDIANAPOLIS. ONLY A 20 MINUTE DRIVE TO DOWNTOWN INDY BRINGS ONE TO A WONDERFUL AREA OF RESTAURANTS, CHILDREN'S MUSEUM,ZOO, SYMPHONY, AND HOME OF THE NFL COLTS AND NBA PACERS. JUST ABOUT 20 MINUTES WILL GET YOU TO THE AIRPORT AND THE INDIANAPOLIS SPEEDWAY. CENTER GROVE AND GREENWOOD HIGH SCHOOLS ARE WELL RESPECTED. NOT FAR SOUTH YOU WILL FIND ROLLING HILLS AND WOODS OF BROWN COUNTY. THE INDIANAPOLIS/GREENWOOD AREA PROVIDES A SMALL TOWN ATMOSPHERE WITH BIG CITY ATTRACTIONS.
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October 2009 (1)

Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Steve Gaines Broker Associate
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Steve Gaines Broker Associate
Prudential Indiana Realty Group
Prudential Indiana Realty Group

  317-509-2314




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