Home sales are up 18.6 percent

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 Westfield, 61 homes pended in August, a decrease of 15 homes compared to August 2012.
  • Available homes are spending less time on the market in Westfield. For the first eight months of this year, homes spent an average of 67 days for sale. During the same time last year, homes spent 92 days on the market.
  • Sales prices are up in Westfield. Last month, the average sales price rose to $260,304 –rising 5.9 percent from August 2012.
  • Of the pended home sales in Westfield last month one was priced $1,000,000 to $1,999,999, one was priced $500,000 to $999,999, 11 were priced $300,000 to $499,999, 14 were priced $200,000 to 299,999, 33 were priced $100,000 to $199,999 and one was 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.