July home sales hot in county

Homes are selling at a higher rate in Johnson County than in other central Indiana counties.

Across central Indiana, home sales were down last month by 4.5 percent, compared with July 2014. Both Hamilton and Hendricks counties had decreases of more than 15 percent in home sales.

But in Johnson County, sales ticked up slightly, according to a report from Indianapolis-based F.C. Tucker Co.

And home sales for the year are up about 5 percent, compared with the same period in 2014, the report said.

Sales prices have increased both locally and across central Indiana.

In Johnson County, the average sales price last month was $173,733, a nearly 6 percent increase from last year. Johnson County had the fourth-highest sales price in central Indiana, the report said.

Across central Indiana, the average price for a home was $185,529, a 5 percent increase from last year.

“We’re seeing the best July in the last five years in terms of sale prices, which have increased more than $34,000 on average,” Jim Litten, president of F.C. Tucker, said in the release. “Meanwhile, the number of available homes on the market is the lowest we’ve experienced in five years — all pointing to a more balanced, stable market that tends to benefit sellers.”

The number of homes for sale fell across central Indiana, but Johnson County had the second-biggest decreases at nearly 21 percent, compared with July 2014.

Across central Indiana, 11,233 homes were for sale last month, a 9 percent decrease from the same time last year, the report said.

By the numbers

Here is a look at home sales in central Indiana last month:

Boone County

July 2015: 112

July 2014: 108

Increase: 4 percent

Hamilton County

July 2015: 554

July 2014: 658

Decrease: 16 percent

Hancock County

July 2015: 127

July 2014: 99

Increase: 28 percent

Hendricks County

July 2015: 225

July 2014: 276

Decrease: 18.5 percent

Johnson County

July 2015: 264

July 2014: 262

Increase: 1 percent

Marion County

July 2015: 1,072

July 2014: 1,060

Increase: 1 percent

Morgan County

July 2015: 77

July 2014: 91

Decrease: 15 percent

Shelby County

July 2015: 44

July 2014: 48

Decrease: 8

SOURCE: F.C. Tucker Co.

Annie Goeller is managing editor of the Daily Journal. She can be reached at agoeller@dailyjournal.net or 317-736-2718.