real estate
City-cy-city price guide: Indianapolis
Foreclosures are up, and sale prices are down. Indianapolis is No. 18 in RealtyTrac�s list of the metro areas with the largest numbers of foreclosures, with filings last year representing 2 percent of households. It�s an undervalued market, according to Local Market Monitor, whose data shows housing prices 22 percent below equilibrium. The NAR says condo prices are affordable, too, at $116,700 in fourth quarter 2007.
| | Median price end of 2007: | $114,000 | | Median price end of 2006: | $117,100 | | % change: | - 2.6% | | Projected change through Q3 2008: | + 2.3% | | Affordability rating: | 0 | | Foreclosures in 2007:
(1 for every 50 households) | 14,591 | | Foreclosures in 2006:
(1 for every 53 households) | 13,524 | | Change in foreclosures: | + 7.9% |
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| Current rate comparison | Price trends
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