Real Estate Report by m.s.Woods Real Estate, LLC. – The Fishers real estate market suffered a 6.1-percent drop in total pending sales in May, 2012. While it would be too early to call it a trend, it does mark the second straight month that pending sales have fallen in Fishers since reaching a 15-month high of 168 in March of this year. Also, May’s total of 138 pending sales represents a 9.2-percent decrease versus 12 months ago. In a more positive comparison, the average number of pending sales logged each month from March through May of this year was up 2 percent versus this same quarter in 2011.
Another positive development came from the fact that total closings rose 15.4 percent versus the previous month’s total of 143. Coincidentally, the most recent figure of 165 closings is also a 15.4 percent increase versus May of 2011. Also, the average number of closings that took place between March and May of this year was up 17.8 percent in comparison to this same period 1 year ago. One final note concerning sales: May marked the fourth straight month that this stat has risen since falling to a 12-month low of 58 in January of this year.
Total listings in Fishers rose 0.1 percent as there were 690 homes on the market in May compared to 689 in April. Not only is this a 3.4-percent increase versus May of 2012, but it represents an increase of nearly 28 percent versus January, 2012. Of course, this latter stat is in part attributable to natural seasonal fluctuations. Finally, the average number of homes listed for sale each month, from March through May of this year, was up 5.5 percent compared to this same quarter in 2011.
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