Home prices rise as sales fall

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.

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