Home transactions in Hamilton County posted the biggest decline. But central Indiana sales for the first five months of the year are still up 9 percent from the same period last year.
Central Indiana home transactions were on the rise for the third straight month in February, a positive sign for the residential real estate industry after a disappointing year in 2014.
Buyers signed deals for 1,702 homes in January, a 4.7-percent gain over the same month last year. Average home prices and the inventory of listed homes each inched up about 1 percent.
Existing home sales in the Indianapolis area fell 2.6 percent in 2014, breaking a string of three straight annual increases, real estate agency F.C. Tucker Co. said Thursday morning.
The number of sale agreements for existing homes in the nine-county area in November fell 2.8 percent. A shrinking inventory led to higher sale prices.
The number of home-sale agreements for the nine-county area in October rose a grand total of two from 2,170 in the same month last year. Sale prices, however, made strong strides.
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
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