Home sales up, prices down

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With 1,643 home sales in November in central Indiana, overall year-to-date home sales are up 15.4 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, November 2013 home sales declined 9.4 percent compared to November 2012, a decrease of 170 homes sold in the nine counties that F.C. Tucker tracks. In Boone County, home sales are on pace to end in positive territory despite a drop in sales last month.

  • Based on the past 11 months, home sales in Boone County have increased to 1,068 from 936 – a spike of 14.1 percent compared to the same time period in 2012.
  • In November 2013, 57 homes sold in Boone County – 20 homes less than in November 2012.
  • In Zionsville, home sales dropped slightly. Last month, 35 homes sold, a decrease of four homes compared to November 2012.
  • In November 2013, the year-to-date average sales price dipped in Zionsville to $346,628 – down $13,146 from November 2012.
  • As inventory tightens, homes aren’t staying on the market as long. Overall for the past 11 months, homes in Zionsville have remained on the market an average of 80 days, which is 29 fewer days than the same time last year.

As the year comes to a close, home sales are poised to end in the positive territory on a year-to-year basis in central Indiana. We also expect the shrinking inventory to continue driving prices up, contributing to this seller’s market that we’ve been experiencing in recent months.


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