Average Price of Homes  – 1985-2010  – There has been a lot of speculation about the effect of the economy on real estate values during the past two years.  Although the economic downturn hit real estate in South Central Indiana a little later than in many other parts of the country, this area has not been spared from participation in this unfortunate event.

While we have endured this situation for two years, hitting our local real estate market in the third quarter of 2008, we have directed our studies to many parts of this dilema and wanted to share the average price information we have collected.  While we realize a study of median price could be more meaningful or at least equally as meaningful, our historical data collected through the years was focused on annual averages.   Although the average price in Bartholomew County has dropped, this change is not as dramatic as one might have imagined.

Real Estate Values in Columbus Indiana is a post from: Columbus Indiana Real Estate Homes for Sale, Community News & Photos

A calculation we use to supply Home Sellers with current information on the Residential Real Estate Market in Columbus Indiana is Absorption Rate Pricing.  Our idea is that if a certain number of homes sold during 10 months of this year were comparied to the active  Homes Now for Sale, a  conclusion might be drawn with regard to the Real Estate Market “absorbing” the supply of active listings in a given price range.

Of course, we realize that this is certainly an imperfect summary of the market that is affected by seasonal changes in the market, i.e. Thanksgiving and Christmas slow downs, not to mention the influence of more new homes on the market as well as homes being taken off of the market.   However, this estimate gives some indication of supply and demand as the market is evaluated.

Homes for Sale Compared to Homes Sold by Price Range is a post from: Columbus Indiana Real Estate Homes for Sale, Community News & Photos