Danville Indiana Real Estate Market Report - December 2008

For the month of December, there were 7 homes sold and closed in Danville compared to 9 homes sold in November.

Of the 9 homes sold in November, 1 home was a distressed property sales.

• The average price of all homes sold in Danville was $121,128
• The Median price of homes sold was $145,000.
• The highest price home sold was $160,000.
• The lowest priced home sold was $25,000.
• The average Danville home sold was a three bedroom, two bath with 1685 sq. ft.

The average Days on Market for homes sold was 102 days, up from 100 days in November.

There are currently 90 available homes for sale in Danville, which gives us an absorption rate of 10.0 months.

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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 12/1/2008 and 12/31/2008. 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.