With 2,415 pended sales in August in Central Indiana, overall year-to-date home sales are up 18.6 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.
On a monthly basis, August pended home sales rose 3 percent above August 2012, an increase of 71 homes sold in the nine counties that F.C. Tucker tracks. Seven of the nine counties reported increased sales compared to August 2012.
Though August pended home sales slipped slightly in Hamilton County, sales are still trending upward for the first eight months of 2013 compared to the same time period last year.
- In Hamilton County, overall year-to-date home sales climbed to 4,849 – an increase of 842 homes compared to the same time period last year.
- August home sales in Hamilton County dipped 4.7 percent to 484 homes – down 24 homes from August 2012.
- Specifically in Carmel, 116 homes pended in August, a decrease of 42 homes compared to August 2012.
- Available homes are spending less time on the market in Carmel. For the first eight months of this year, homes spent an average of 77 days for sale. During the same time last year, homes spent 94 days on the market.
- Sales prices slipped in Carmel. Last month, the average sales price fell slightly to $306,045 – down 2.1 percent from August 2012.
- Of the pended August home sales in Carmel, two were priced more than $2,000,000, one was priced $1,000,000 to $1,999,999, 15 were priced $500,000 to $999,999, 26 were priced $300,000 to $499,999, 38 were priced $200,000 to 299,999, 30 were priced $100,000 to $199,999, and four were priced at $99,999 or less.
As we move further into the third quarter, we remain encouraged by the direction of the market in Central Indiana. Across the region, home sales and home prices continue to grow as the inventory shrinks – necessary factors for market stabilization despite a few fluctuations that sometimes occur.