With average home prices reaching $168,669 in May 2014, home sales prices are up 7 percent compared to May 2013.
Seven of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first five months of 2014 compared to the same time period last year.
In Hamilton County, prices were up 8.7 percent reaching $259,578.
- The average sale price continues to climb in Fishers. For the first five months of this year, homes sold for $249,342 on average – an increase of 12.1 percent compared to 2013.
- Of the home sales in Fishers last month, one was priced $1 million to $2 million; 11 were priced $500,000 to $1 million; 41 were priced $300,000 to $499,999; 54 were priced $200,000 to $299,999; 83 were priced $100,000 to $199,999; and two were priced at $99,999 or less.
- Home sales in Fishers are down from last year. In May 2014, 192 homes sold, a decrease of 38 homes compared to May 2013.
- Inventory has increased in Fishers. In May 2014, 635 homes were on the market. In May 2013, 583 homes were available for sale.
- Homes in Fishers are selling at a faster pace. For the first five months of this year, homes stayed on the market an average of 72 days, which is five fewer days than the same time period last year.
Though sales have been slow to grow this year, we’re still optimistic.
Affordability and low interest rates have been favorable for buyers looking to make smart purchases, so we hope to see more positive momentum in the coming months.
