Here is a look at what happened on the Westfield Indiana real estate market in December 2008 for homes under $500,000: 2007 2008 % Change Active N/A 239 Homes Sold 34 40 18% Average Selling Price $201,777 $212,132 5% Days on Market 86 67 -22% Price Per Square Foot $86 $92 7% I don’t what happened, but Westfield had a stellar month in December with every single number improving. The number of homes sold was up a staggering 18% over last year and the average sales price was also up 5% compared to this time last year. In addition, the days on the market was down 22% taking an average of 19 days less to sell a home this year compared to last. Also, the absorption rate is down to 5.08 which indicates a very healthy real estate market. With only 40 homes selling these numbers could be skew...
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