Interesting numbers were released on August 20, 2009 by the Indiana Association of Realtors.. take a look below!

July 2009 vs July 2008

Marion County # of units sold were down 6.7%; however, the average sales price increased 3.9% to $100,000.

Boone County did not fare as well.  Units sold were down 1.3% which is respectable, however, the average sales price declined 28.7% (From $230,000 to $164,000).

Hamilton County.  # of units sold was down 4.1% and the average sales price was down 9.1% to an average of $190,450.

If you live in Hamilton County, on average, your home has dropped almost 10% in value over the past 12 months.  Keep in mind, real estate is a 'LOCAL' market.. some communities are doing much better than others.  If you want to stay up to date on your local community, sign up for my FREE MARKET SNAPSHOT, which is an automated email that you receive monthly with all the local activity around your HOME.  You will stay informed of all the ACTIVE, PENDING and SOLD properties in your community.  You can log onto our website, www.GuttingGroup.com and click on the Market Snapshot in the middle of the home page, or feel free to email me at derek@guttinggroup.com to sign up.

Derek Gutting, The Gutting Group, Keller Williams Realty, 317 846-4888