Home Sales Fall in Martinsville Real Estate Market

The Martinsville market pulled back with a 5.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (12.6) with 19 homes sold. In comparison, nearby Indianapolis had 971 sales in the same time frame, the most of all neighboring cities. There are four months of inventory remaining in Martinsville, and the market is swinging toward the buyer, especially since the median sales price dropped to $99,000 this week.

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Demographic facts about Martinsville:

  • This area has a median house value of $100,800.
  • The area gets an average of 107 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 8.5%.
  • For every teacher there are 18.0 students in this area. (15.3 = national average)

Data reported through 10/19/2016

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