Home sales drop as prices rise

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.

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