September saw fewer listings and pended home sales, but year-to-date, the market is performing better than 2014. In the nine-county central Indiana region, Tucker’s data revealed a 6.8 percent decline in home sales last month compared to September 2014. Year-to-date, sales were up 7.9 percent, and average year-to-date home sale prices climbed 4.9 percent to $185,536.
Hamilton County saw a 5.3 percent decline in inventory while the average year-to-date sale price for the county climbed 3.9 percent to $277,715.
• In Carmel, the average year-to-date home sale price rose 1.8 percent compared to this time last year, increasing to $350,769.
• Inventory moved at a slightly slower pace in Carmel in September 2015. Overall, homes sold in 69 days – three more days than this time last year.
• Buyers in Carmel had slightly fewer options available to them. Last month, 560 homes were available for sale – eight fewer homes compared to September 2014.
• Pended home sales have slipped in Carmel. In September 2015, 106 homes sold – a decline of 25 homes compared to September 2014.
• Of the pended home sales in Carmel last month, one was priced $1,000,000 or higher; 12 were priced $500,000 to $999,999; 41 were priced $300,000 to $499,999; 26 were priced $200,000 to $299,999; 25 were priced $100,000 to $199,999; and one was priced at $99,999 or less.
Residential real estate sales and listings are still very active. The region is 7.9 percent ahead of last year’s pended sales at this time, and that’s a sure sign we’ve ended the third quarter on a strong note. And, as average sale prices continue to rise, the incentive to list a home is still high.