With 2,528 pended sales in March in Central Indiana, overall year-to-date home sales are up 7.7 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.
On a monthly basis, March 2015 pended home sales slipped 1.8 percent compared to March 2014, a decrease of 47 homes sold in the nine counties that F.C. Tucker tracks. However, home sale prices are trending up. In Hamilton County, year-to-date sale prices rose to $269,917 in March, an increase of 4.4 percent from the same time period last year.
- In Carmel, home prices increased 2.3 percent to $348,780 in the first quarter compared to the first three months of last year.
- Of the pended home sales in Carmel last month, one was priced $1,000,000 to $1,999,999; 24 were priced $500,000 to $999,999; 59 were priced $300,000 to $499,999; 41 were priced $200,000 to 299,999; 29 were priced $100,000 to $199,999 and three were priced at $99,999 or less.
- The pace of home sales in Carmel picked up last month. In March 2015, homes sold in 83 days on average, which is five days faster than March 2014.
- The number of homes sold was down slightly in Carmel. Last month, 157 homes pended, a decrease of nine homes compared to March 2014.
- Inventory in Carmel has increased. In March 2015, the number of homes for sale rose to 544 – up 5.2 percent from March 2014.
As we move into the second quarter, we believe home sales will increase and prices will remain strong. Though March sales were a little sluggish, we still expect to see activity gradually pick up due, in part, to recent job growth and the start of the spring selling season.
