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Home prices rise as sales fall

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Home prices in Johnson County increased by about 11 percent in February compared to the same month in 2013 as the housing market rebounded from the recession.

The average sales price for a home in Johnson County increased to about $146,500 in February, up from $132,000 in February 2013, according to data from real estate company F.C. Tucker. Only Shelby and Hendricks counties had larger percentage increases over the same period.

Home prices increased about 7 percent in Marion County and other central Indiana counties. Madison County was the only area to have a decrease in prices, which dropped 9 percent.

Poor weather this winter has slowed home sales, but fewer homes are on the market throughout the region, according to F.C. Tucker. Johnson County was the only county to have more houses for sale this February than last, increasing about 4 percent to 787 homes.

A total of 165 homes sold in Johnson County in February, compared to 204 for the same month in 2013.

Sales throughout central Indiana were down in February from 2,311 to 1,784 this year.

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