Local home sales jump 15 percent from last year

First Posted: September 04, 2012 - 9:55 pm
Last Updated: September 04, 2012 - 9:55 pm

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Local home sales increased in July, with Johnson County having the fourth-highest increase among central Indiana counties.

In July, 209 homes were sold in Johnson County, a 15.5 percent increase from the 181 homes sold in July 2011, according to a report from Metropolitan Indianapolis Board of Realtors, an association that represents realty agents in 10 counties in central Indiana.

Johnson County homes also sold for higher prices on average last month.

A local home sold for $165,661 in July, nearly 5 percent more than the county’s average price of $157,991 a year earlier, the report said.

Sales in Shelby and Brown counties decreased for the month, while Boone County had the highest increase.

Home sales increased by 15.5 percent across central Indiana in July. The average sales price for central Indiana also increased nearly 3 percent, from $167,473 in July 2011 to $172,054 this year, according to the report.