May slow, but home sales up for year

Johnson County home sales are up so far this year, despite May having slower sales than the same time last year.

Year-to-date home sales in Johnson County are up nearly 5 percent from the same period last year, according to statistics from a recent F.C. Tucker Co. real estate survey of nine central Indiana counties.

The survey also showed local home sales were down last month by 13.5 percent, compared with May 2014.

The same was true in central Indiana, where home sales were up 9 percent for the year so far but down nearly 4 percent for May.

Johnson Count was one of five central Indiana counties to report a decrease in home sales in May, compared with last year. Hamilton County had the biggest decline at 15 percent, the report said.

In May, Hendricks County had the largest increase in home sales, with 9 percent more homes selling compared with the same time last year.

Average home sales prices for central Indiana have increased by nearly 6 percent so far this year. The average year-to-date sales price for a home in the nine-county area was $178,606.

In Johnson County, the average price was up 6 percent to $167,483, the report said.

“Sellers are benefiting from rising prices as inventory continues to tighten,” said Jim Litten, president of F.C. Tucker Co.

At a glance

Here is a look at recent home sales:

Johnson County;Boone County;Hamilton County;Hancock County;Hendricks County;Marion County;Morgan County;Shelby County

May 2014;267;119;722;116;248;1,248;106;49

May 2015;231;113;614;116;271;1,258;94;48

Change;-13.5 percent;-5 percent;-15 percent; No change; +9 percent, +1 percent, -11 percent, -2 percent

SOURCE: F.C. Tucker Co.