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Home sales drop as prices rise

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Local home sales in Johnson County dropped last month compared with January 2013, along with eight other central Indiana counties.

Shelby, Hancock and Johnson counties had the biggest decreases. Johnson County’s sales fell 40 percent, with 113 houses selling last month versus the 188 that sold in January 2013, according to a report from real estate firm F.C. Tucker Co. in Indianapolis.

Overall home sales for the nine central Indiana counties dropped 31 percent from January 2013 to January 2014, the report said. In Shelby County, 23 homes sold last month, compared with 59 in January 2013, for a 61 percent decrease. Hancock County’s home sales dropped from 96 to 56, a 42 percent decrease.

“The record snowfall and cold temperatures certainly had an impact on home sales in January,” Jim Litten, president of F.C. Tucker Co., said in a news release.

The number of homes listed for sale also dropped for the counties, except in Johnson County. Johnson County had 792 houses on the market, up 8 percent from the 734 listed in January 2013.

The total number of homes on the market in the nine counties dropped 8 percent, from 10,164 to 9,320.

Overall, the average selling price of homes for the central Indiana counties went up nearly 9 percent, from $146,723 in January 2013 to $159,391 last month.

In Johnson County, the average home sales price went from $136,463 in January 2013 to $157,345 last month, an increase of 15 percent.

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