Inventory tightening, prices climbing

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With 2,788 sales in April in Central Indiana, overall year-to-date home sales are up 16.6 percent compared to this time last year, according to statistics compiled by F.C. Tucker Co.

Hamilton County is among the areas seeing a noticeable uptick in the housing market:

  • In the first four months of this year, 2,152 homes have sold in Hamilton County, an increase of 20.2 percent compared to the same time last year.
  • In April 2013, 588 homes sold in Hamilton County, which is 42 more homes than April of last year.
  • In Carmel, home sales dropped slightly. In April 2013, 166 homes sold, a decrease of 10 homes compared to April 2012.
  • Inventory is tightening in Carmel. Last month, 533 homes were available for homebuyers, 192 fewer homes than April of last year.
  • Home prices in Carmel are slowly rising. In Carmel, the average sales price in April 2013 was $339,411, an increase of 10 percent.
  • Of the pended home sales in Carmel last month, three were priced $1,000,000 to $1,999,999; 28 were priced $500,000 to $999,999; 55 were priced $300,000 to $499,999; 39 were priced $200,000 to $299,999; 36 were priced $100,000 to $199,999; and five were priced at $99,999 or less.

The pace of home sales surged in the first quarter. Sales associates are seeing a notable shift in buying habits as the number of desirable homes on the market tightens and prices begin to climb.


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