Here is a look at what happened for homes for sale in Indianapolis under $500,000 in October 2008: 2007 2008 % Change Active N/A 8080 Homes Sold 968 735 -24% Average Selling Price $102,847 $96,982 -6% Days on Market 92 91 -1% Price Per Square Foot $62 $59 -5% Nothing new to report for Indianapolis this month; number of homes sold is down by 24% and the average selling price is down 6%. Last month showed signs of life with some better numbers coming out for both number of homes sold and average selling price but this month did not continue that trend. I will be doing reports on Carmel Indiana real estate and Zionsville real estate over the next couple of days. These are more telling to me about what is really going on because these areas are more desirable and should be better bell we...
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