Market Report Observations

November 18, 2008

While working to bring you the October Market Reports, I have been studying different statistics within the data to bring you additional informaton for the market reports.

Many homeowners are concerned with the number of foreclosures in their neighborhood. Homebuyers seem to be looking at the short sale and foreclosure opprtunities in the market. Interestingly, the number of foreclosure or short sales (homes sold in distress situations) are not the majority of sales.

My preliminary research indicates most of the sales are properly priced homes which are ready to move into. I have already posted the Avon Market Reports, which indicates about one-third of the homes sold last month were short sale or foreclosed properties. I am currently working on theZionsville Market Report and only one of the 27 homes sold in Zionsville was a foreclosed property.

I will be adding the stats for the number of short sales and foreclosed properties to each of my market reports this month. I hope to have them all completed and posted by the weekend. Stay tuned………..

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