With home prices across central Indiana reaching $155,886 in February 2014, home sales prices are up 7.2 percent compared to February 2013.
Eight of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first two months of 2014 compared to the same time period last year. Hamilton County is among the areas that experienced an uptick; year-to-date home prices rose 7.6 percent to $252,643.
- In Fishers, home prices are also trending up slightly. In the first two months of this year, the average home price rose 1.8 percent to $177,906 from $174,820 from the same time period last year.
- Fewer homes sold in Fishers last month. Thirty-eight homes sold, 19 fewer homes than in February 2013.
- Of the home sales in Fishers last month, two were priced $300,000 to $499,999; seven were priced $200,000 to $299,999; 27 were priced $100,000 to $199,999 and two were priced at $99,999 or less.
- Inventory continues to tighten in Fishers. Last month, 111 homes were available for sale, down 23.4 percent compared to February 2013.
- Homes in Fishers are selling at a much faster rate. Overall, homes were on the market for an average of 77 days, one week less than this time last year.
This prolonged winter weather has certainly affected the housing market, just as it has for other sectors. But spring is around the corner, and with the improving weather will come a revival in home sales.