Local home sales continue to be on the rise, and real estate agents say the number of houses available for sale is low.
Home sales in Johnson County are up in May, compared to last year, and for the year so far.
In May, home sales increased 6 percent, compared to the same time last year. And sales also are up nearly 11 percent for the first five months of 2016, according to a report from Indianapolis real estate company F.C. Tucker Co.
By comparison, home sales are up on average in central Indiana by 3 percent for May, and 7 percent for the year so far, the report said.
But the number of homes for sale is down by 18 percent across central Indiana, and 23 percent in Johnson County for the month of May.
The average sales price also was up by 11 percent in Johnson County, compared to last May. Last month, the average price in Johnson County was $186,173, up from $167,483 last May, the report said.
“May was a busy month for our sales associates, but the demand exists for more homes to be on the market,” Jim Litten, F.C. Tucker Co. chief executive officer, said in a news release. “Our data shows central Indiana has approximately 2.3 months of inventory. Typically, if inventory falls below four months, we know it’s a seller’s market.”
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Here is a look at home sales last month, compared to the previous year.
County;May 2015;May 2016;Change
Boone;110;117;6%
Hamilton;596;641;8%
Hancock;113;125;11%
Hendricks;263;254;-3%
Johnson;224;238;6%
Marion;1,221;1,203;-1.5%
Morgan;91;101;11%
Shelby;47;44;-6%
SOURCE: F.C. Tucker Co.
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