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Plainfield Real Estate Market Update – August 2008

by Paula on September 16, 2008
Written by: Paula

For the month of August, there were 33 homes sold and closed in Plainfield, compared with 27 homes sold in July.

The highest price home was $315,000.

The lowest priced home sold was $38,000.

The average Plainfield home sold was a three bedroom, two bath with 1626 square feet.

The average Days on Market for homes sold was 78 days, down from 84 days last month.

There are currently 194 homes available for sale in Plainfield, which gives us an absorption rate of 5.87 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 8/1/2008 and 8/31/2008. 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 Plainfield Indiana real estate markets.

Call Paula – 317–605–4174

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