Home sales down, but prices rise

Local home sales fell for the start of 2016, but the price is already up.

Last month, 137 homes sold in Johnson County, a 16 percent decrease from the same time in 2015, according to a report from F.C. Tucker Co.

The same was true for most central Indiana counties, with home sales dropping nearly 10 percent from January 2015. Johnson County had the third largest decrease, behind Boone and Hamilton counties, the report said.

But Johnson County also had one of the largest upticks in the average sales price of homes.

According to the report, the average sales price for a local home in January was $170,053, a nearly 10 percent increase from January 2015. During that time last year, the average sales price was $155,270, the report said.

Across central Indiana, the average sales price increased by about 2 percent.

Johnson County had the second highest price increase, after Morgan County, where the average price increased by nearly 19 percent, the report said.

By the numbers

Here is a look at home sales last month, compared to the month before:

Johnson County

January 2016: 137

January 2015: 163

Decrease: 16 percent

Boone County

January 2016: 51

January 2015: 72

Decrease: 29 percent

Hamilton County

January 2016: 326

January 2015: 438

Decrease: 26 percent

Hancock County

January 2016: 79

January 2015: 78

Increase: 1 percent

Hendricks County

January 2016: 138

January 2015: 162

Decrease: 15 percent

Marion County

January 2016: 833

January 2015: 828

Increase: Less than 1 percent

Morgan County

January 2016: 53

January 2015: 55

Decrease: 4 percent

Shelby County

January 2016: 31

January 2015: 35

Decrease: 11 percent

SOURCE: F.C. Tucker Co.

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