Fishers Indiana Housing Market Report August 2013 – Increases in closed sales remain in double digits for the Fishers housing market - up 17.7 percent as compared to August 2012 and up 18.7 percent for the three months ending in August - but have slowed some from the frenzy of early spring when increases in closed sales neared 50 percent.
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Closed Sales may have slowed some as we head toward the end of the year, but the good news for sellers is that Fishers sales prices showed nice gains in August 2013 as well as over the past three months, while Average Days on the Market dropped sharply, to just 59. Months Supply of Inventory throughout Hamilton County is currently at a very low 4 months; however the number of new homes on the market has been increasing steadily over the past three months which means sellers may not benefit from an inventory shortage indefinitely.
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Fishers real estate market highs and lows
The most expensive home sold in Fishers in August 2013 was a 14,895 Geist waterfront property on Brooks School Road that closed at $3 million. Originally listed at $3.5 million, the home sits on 7 acres and includes a poolhouse, conference room and two master suites. This home spent 304 days on the market.
The least expensive home sold in Fishers in August 2013 was a 1422 square foot 2 bedroom, 2.5 bath condo in Middleton Place that closed at full asking price - $94,900 - after 119 days on the market.
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