Home sales continue to rise
More than 2,000 homes pended in February, with all but one Central Indiana county reporting increased sales compared to the same time last year, according to statistics compiled by F.C. Tucker Co. Overall, February 2013 pended home sales rose 8.1 percent over February 2012, an increase of 152 homes sold in the nine counties that F.C. Tucker tracks.
Real estate sales are off to a good start this year, and as the national economy has improved, we are seeing a spark in the local housing market as well. Hamilton County is one of the areas in Central Indiana seeing positive trends.
- In Hamilton County last month, 392 homes pended which is an increase of 20 homes compared to February of last year.
- Specifically in Carmel, 112 homes pended in February 2013 – an increase of ten homes compared to February 2012.
- Housing prices in Carmel continue to make year-over-year gains. Last month, the average sales price climbed to $297,365, an increase of 5.9 percent compared to February of last year.
- Of the pended home sales in Carmel last month, one was priced $1,000,000 to $1,999,999; 13 were priced $500,000 to $999,999; 32 were priced $300,000 to $499,999; 31 were priced $200,000 to $299,999; 26 were priced $100,000 to $199,999; and nine were priced at $99,999 or less.
- Prospective home buyers in Carmel are discovering the supply of available homes is getting smaller. Last month, 489 homes were on the market, down 25.5 percent compared to February 2012.
With the national unemployment rate at its lowest level in four years and the stock market experiencing a rebound, we anticipate that confidence will grow here in Central Indiana and continue to fuel housing sales.