Home sales continue to climb
With 2,637 sales in June in Central Indiana, overall year-to-date home sales are up 19.9 percent compared to this time last year, according to statistics compiled by F.C. Tucker Co.
On a monthly basis, June 2013 home sales rose 9.7 percent over June 2012, an increase of 233 homes sold in the nine counties that F.C. Tucker tracks. All nine counties reported increased sales compared to June 2012. For 26 straight months, existing home sales have shown month-to-month improvement.
The trend of positive sales can be found in Hamilton County. Last month, 610 homes sold in Hamilton County, an increase of 47 homes compared to June 2012. In the first half of this year in Hamilton County, 3,621 homes sold – up 23.5 percent compared to the same time last year.
- •In June 2013, Carmel’s home sales climbed 4.2 percent to 173 from 166 compared to June 2012.
- •As sales in Carmel increase, inventory decreases. Last month, 596 homes were for sale, while 773 homes were on the market in June 2012.
- •Buyers are discovering that homes are staying on the market for shorter periods. In June 2013, homes in Carmel remained on the market an average of 75 days, 11 fewer days than June 2012.
- •Carmel’s home prices are experiencing a modest, yet noticeable increase. In June 2013, the average sales price was $331,450, a slight increase of 1.3 percent from last June.
- •Of the pended home sales in Carmel last month, two were priced $1,000,000 to $1,999,999; 16 were priced $500,000 to $999,999; 58 were priced $300,000 to $499,999; 71 were priced $200,000 to $299,999; 22 were priced $100,000 to $199,999 and four were priced at $99,999 or less.
The first half of the year has finished strong. Increases in home sales and home prices and decreases in inventory are positive signs that the Central Indiana real estate recovery continues to move in a positive direction.