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Noblesville Real Estate Market Sees 27 Percent Rise in Home Sales in 2012

Noblesville Indiana Real Estate Data Chart - January, 2013

Like most towns and cities in the Central Indiana area, the city of Noblesville made great strides in 2012 compared to 2011, at least insofar as three major stats were concerned: closed sales, pending sales and listings. Starting with closed sales, a total of 1,188 closings took place in 2012 versus a total of 939 in 2011. This corresponds to an average of 99 closings per month, or 26.9 percent more for all of 2012, compared to just 78 closings per month for all of 2011. An average of 97 closings too place each month during the last quarter of 2012, or 40.6 percent more, compared to an average of just 69 per month during this same quarter in 2011. In sum, there were 249 more homes sold in 2012 compared to 2011.

Pending sales were also on the rise in 2012. Specifically, a total of 1,182 pending sales were reported by year’s end in 2012 compared to the previous year’s total of just 964. This translates to an average of 99 pending sales per month, or 23.8 percent more, for 2012 compared to just 80 per month for 2011. In another comparison, from October through December of 2012, there were an average of 85 pending sales reported per month, or 19.7 percent more, compared to an average of 71 per month during this same quarter in 2011. In all, there were 218 more pending sales reported in 2012 compared to 2011.

The numbers for total listings also looked good. In 2012, there were 15 percent fewer homes on the Noblesville compared to 2011, or 6,584 versus 7,747 respectively. An average of 549 homes were listed for sale each month for all of 2012 compared to an average of 646 for all of 2011. From October through December of 2012, there were on average 495 homes for sale per month, or 18.3 percent fewer, compared to an average of 606 per month during this same quarter in 2011. The bottom line is that there were 1,163 fewer listings on the market in 2012 compared to 2011.

View the complete, original report here.