Column: What’s the latest on home sales?

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More than 1,700 homes pended in January, with all but three Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, January 2015 pended home sales rose 4.7 percent over January 2014 to 1,702, an increase of 76 homes sold in the nine counties that F.C. Tucker tracks.

Overall, sales prices for the nine-county Central Indiana area increased by 1.5 percent. In Boone County, home sales last month were up 3.5 percent to $283,311 compared to January 2014.

  • In Zionsville, home sales prices spiked 17 percent to $455,899 from $389,587 compared to January of last year.
  • Inventory is moving at a gradual pace in Zionsville. Last month, homes sold in 94 days on average – 12 days slower than January 2014.
  • More homes have been placed on the market. In Zionsville, 170 homes were available for sale last month, an increase of 11 homes compared to January 2014.
  • Pended sales in Zionsville are stable. In January 2015, 33 homes sold, a decrease of two homes compared to January 2014.

Home sales are on par with what we’ve experienced typically in January. Whether home sales surge during the rest of the year will depend on a number of factors, including consumer confidence and economic stability, but we continue to be optimistic

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