Home prices rise 3 percent this year

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With 1,921 home sales in September in central Indiana, overall year-to-date home sales are up 17.8 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, September 2013 home sales declined 1.6 percent compared to September 2012, a decrease of 31 homes sold in the nine counties that F.C. Tucker tracks. Four of the nine counties reported increased sales compared to September 2012.

Though September home sales slipped slightly in Hamilton County, sales are still trending upward for the first nine months of 2013, compared to the same time period last year.

  • In Hamilton County, overall year-to-date home sales climbed to 5,336 – an increase of 895 homes compared to the same time period in 2012.
  • September 2013 home sales in Hamilton County dipped 6.7 percent to 405 homes – down 29 homes from September 2012.
  • Specifically in Fishers, 31 homes sold in September 2013, a decrease of 20.5 percent compared to September 2012.
  • Available homes are spending less time on the market in Fishers. For the first nine months of this year, homes spent an average of 66 days for sale. During the same time last year, homes spent 84 days on the market.
  • Sales prices are also up in Fishers. Last month, the average sales price rose slightly to $181,237 – up 3.0 percent from September 2012.
  • Of the home sales in Fishers last month, six were priced $200,000 to 299,999; 23 were priced $100,000 to $199,999 and two were priced at $99,999 or less.

As we close the third quarter of 2013, we remain optimistic that the central Indiana real estate market will continue to improve. Across the nine counties that F.C. Tucker tracks, home sales and home prices are up while the number of available homes for sale are down, which will help the market further stabilize.

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