With 2,857 sales in May in Central Indiana, overall year-to-date home sales are up 19 percent compared to this time last year, according to statistics compiled by F.C. Tucker Co.
On a monthly basis, May 2013 home sales rose 13.5 percent over May 2012, an increase of 339 homes sold in the nine counties that F.C. Tucker tracks. All nine counties reported increased sales or sales on par with May 2012.
The robust housing recovery is underway in Hamilton County. For the first five months of the year, sales rose 22.4 percent, an increase of 530 homes compared to the same time last year. In May 2013, home sales increased nine percent, raising the number of sold homes to 632 from 580.
Despite the surge in sales in Hamilton County, Carmel experienced a slight decrease with home sales dipping to 165 in May 2013 from 170 in May 2012.
Home prices in Carmel have nearly remained steady. In May 2013, the average sales price was $312,670, decreasing slightly from $314,410 in May 2012.
Inventory in Carmel continues to tighten. Last month, 565 homes were available for sale, which is 27.7 percent fewer compared to May 2012.
In Hamilton County, homes stayed on the market an average of 81 days in May 2013. In contrast, homes spent an average of 103 days on the market in May 2012.
Of the pended home sales in Carmel last month, two were priced $1,000,000 to $1,999,999; 19 were priced $500,000 to $999,999; 62 were priced $300,000 to $499,999; 41 were priced $200,000 to $299,999; 37 were priced $100,000 to $199,999 and four were priced at $99,999 or less.
The balance is tilting toward a seller’s market, but there are still great opportunities for buyers to find an array of houses at various price points.