ANDERSON — Nearly 2,100 central Indiana homes pended in April, with five of nine central Indiana counties reporting increased home prices compared to the same time period last year, according to statistics compiled by F.C. Tucker Co.
April year-to-date home sales decreased 22.7 percent, down 2,112 homes from the same period in 2010 But May is showing promising signs, with an increase of 29 percent in F.C. Tucker pended home sales in just the first nine days of the month over last year, according to the release.
“The housing stimulus from last year expired at the end of April, and because of the impeding expiration, April 2010 saw abnormally high sales,” said Jim Litten, president of F.C. Tucker. “As we move forward into May, we are comparing apples to apples and are already seeing increases in sales over 2010.”
Johnson and Madison counties experienced the highest increases in home sales, with a 6.8 and 5 percent increase year-to-date, respectively, the release stated.
Homes sold for averages of $142,799 in Johnson County and $74,263 in Madison County year-to-date through April 2011. The average year-to-date sales price for a home in the nine-county area was $141,776. Of the 2,091 pended homes in the region last month, 59 were priced at $500,000 or more; 131 were priced from $300,000 to $499,999; and 1,901 were priced at $299,999 or less.
Available homes for sale in the nine-county region dropped 7 percent in April 2011 with 15,254 homes on the market.
That’s 1,153 fewer than in April 2010, according to the release.
Inventory tightened in all price ranges, especially in the $2 million and over price range, which averaged 18.4 percent fewer homes on the market.
All nine counties experienced inventory declines with Marion County experiencing the greatest decrease in inventory at 10.9 percent, followed by Hancock and Boone counties with 7.9 percent and 7 percent, respectively.
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