The Real Estate Market Report for Evansville/Vanderburgh County

In Vanderburgh County 132 homes were sold in Feb 09 which is down 26% from Feb 08 but up 40% from Jan 09.  The average sales price for Feb 09 was $101,247 which was down from 2008's average of $110,091.  List price to sell price ratio returned to the 94% to 96% range.  Again the big factor is the number of homes on the market.  Feb 09 had 1354 homes for sale compared to 1534 for Feb 08 and 1373 for Jan 09.  Feb 09 absorption rate decreased to 10.3 months from 14.6 months in Jan 09 and from 11.4 in November 08.  For more information on the Evansville or Newburgh Indiana market click here.