Column: Home sales up 5 percent
With average Central Indiana home prices reaching $185,529 in July 2015, home sale prices are up 5.3 percent compared to July 2014.
Eight of the nine counties that F.C. Tucker tracks experienced slightly higher home sale prices in the first seven months of 2015 compared to the same time period last year. Hamilton County is among the areas that reported gains with an average sale price of $277,230, an increase of 4 percent compared to the same time period last year.
- In Carmel, year-to-date home sale prices rose 2.3 percent to $350,566, an increase of $7,921 compared to the same time period last year.
- Of the pended home sales in Carmel last month, four were priced above $1,000,000; 16 were priced $500,000 to $999,999; 46 were priced $300,000 to $499,999; 37 were priced $200,000 to $299,999; 21 were priced $100,000 to $199,999 and one was priced at $99,999 or less.
- Inventory moved at a slower pace in Carmel in July 2015. Overall, homes sold in 64 days on average – 14 more days than this time last year.
- Buyers in Carmel have a few more options available to them. Last month, 604 homes were available for sale, a modest uptick of 13 homes compared to July 2014.
- Pended home sales have slipped slightly in Carmel. In July 2015, 125 homes sold, a decline of 46 homes from July 2014.
Central Indiana is seeing the best July in the last five years in terms of sale prices, which have increased more than $34,000 on average. Meanwhile, the number of available homes on the market is the lowest we’ve experienced in five years – all pointing to a more balanced, stable market that tends to benefit sellers.