Central Indiana home sales up slightly in first quarter

April 27, 2010

The number of homes sold in central Indiana during the first three months of the year essentially remained stagnant compared with the same period in 2009, according to a report Tuesday from the Metropolitan Indianapolis Board of Realtors.

Homes sold in the first quarter totaled 4,634, a 1-percent increase from the 4,593 that were sold in the same period last year.

The MIBOR report also found in the first quarter that:

— Total sales volume increased 12 percent, to $637 million.

— Months of supply declined to 8.2 months in March compared with nine months in March 2009.

— Average sale price jumped 11 percent, to $137,647.

— Home-sale agreements, or pended sales, rose 11 percent.

The amount of homes sold during the past six months also increased, by 13 percent, when compared with the October 2008-March 2009 timeframe.

The number of homes sold over the previous 12 months increased just 1 percent, to 25,103, from the year prior.

MIBOR's report covers home sales in 13 central Indiana counties: Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby.


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