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2018 Real Estate Year in Review

As many of us do in our professional and personal life, we look at the past year to help guide us in the year ahead.  To make sure I have accurate numbers, I usually wait until a few weeks into the new year, to look back.  As you have heard, homes were selling quickly and for more money and the numbers certainly prove it.  You can see for yourself!

 

2018 Stats

 
City
#Homes
Sold
Med
SP/LP
Avg
SP/LP
Med
DOM
Median
Sales Price
Avg
Sales Price
Carmel 1834 98.37% 98.37% 20 $355,000 $416,419
Fishers 2099 99.14% 98.75% 14 $269,900 $301,526
Noblesville 1672 99.00% 98.43% 14 $226,500 $260,235
Westfield 1044 99.08% 98.68% 19 $291,718 $325,688

  

2017 Stats

 
City
#Homes
Sold
Med
SP/LP
Avg
SP/LP
Med
DOM
Median
Sales Price
Avg
Sales Price
Carmel 1836 98.04% 97.78% 42 $341,450 $397,581
Fishers 2106 99.03% 98.55% 34 $239,439 $276,354
Noblesville 1697 98.73% 98.19% 34 $199,999 $241,907
Westfield 971 99.23% 98.56% 38 $280,000 $308,828

 

            SP = Sales Price           LP = List Price              DOM = Days on Market

 

2017 – 2018 Comparison

 
City
#Homes
Sold
2017
DOM
2018
DOM
 
% Change
2017
Median SP
2018
Median SP
 
% Change
Carmel 1834 42 30 -29% $341,450 $355,000 +3.968%
Fishers 2099 34 14 -58% $239,439 $269,900 +12.72%
Noblesville 1672 34 14 -58% $199,999 $226,500 +13.25%
Westfield 1044 38 19 -50% $280,000 $291,718 +4.185%

 

This chart explains the HOT 2018 market.  In these 4 local communities, Days on Market was down (a good thing) – homes are selling faster and the median sales price (mid point) was up about 4% in Westfield and Carmel and almost 13% in Fishers and Noblesville.

The time to sell is now!  Call me at 317-850-5289 and let me guide you or a family member/friend through the selling process!