Column: Home sales up 6.9 percent
F.C. Tucker Company reports central Indiana home sales are up 6.9 percent year to date, compared to the same time period last year. On a monthly basis, November’s pended home sales in the nine-county region declined 9.6 percent overall. This dip was most noticeable in counties to the north than counties to the south; however, available inventory in the region was also down 6.2 percent compared to last year.
Hamilton County saw an 11.3 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $277,124.
- In Carmel, the average year-to-date home sale price decreased 1.9 percent compared to this time last year, decreasing to $321,424.
- Inventory moved at a slightly slower pace in Carmel in November 2015. Overall, homes sold in 79 days – 11 more days than this time last year.
- Buyers in Carmel had slightly fewer options available to them. Last month, 448 homes were available for sale – 13 fewer homes compared to November 2014.
- Pended home sales have slipped in Carmel. In November 2015, 92 homes sold – a decline of 14 homes compared to November 2014.
- Of the pended home sales in Carmel last month, 11 were priced $500,000 to $999,999; 41 were priced $300,000 to $499,999; 26 were priced $200,000 to $299,999; 13 were priced $100,000 to $199,999; and one was priced at $99,999 or less.
Five years ago at this time, central Indiana’s pended home sales were down more than 10 percent for the year, and the average home sale price was $150,130. Now, we’re closing in on 30,000 homes sold year to date, instead of the approximately 20,000 homes in 2010, and prices are nearly $35,000 higher.