For the month of October, there were 39 homes sold and closed in Avon, compared to 67 homes sold in September.

Of the 39 homes sold in October, 13 were homes which were distressed sales; 12 were bank owned and 1 was sold as a short sale.

The highest price home sold was $670,000.

The lowest priced home sold was $70,000.

The average Avon home sold was a three bedroom, two bath with 1981 square feet.

The average Days on Market for homes sold was 82 days, down from 85 days last month.

There are currently 456 homes available for sale in Avon, which gives us an absorption rate of 11.6 months.

Average days on market and absorption rate will vary by price range.

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Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 10/1/2008 and 11/31/2008. This data is reflective of homes which were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.

Indianapolis Real Estate Blog, written by Paula Henry, an Indianapolis real estate agent and team leader of The Henry Group, an Indianapolis Realtor Team at Red Door Real Estate, serving the Indianapolis and Avon Indiana real estate markets.

Call Paula: 317–605–4174