Fewer local homes sold last month, compared to the year before, but sales prices were up.
Local home sales were down 12 percent in Johnson County in October, compared to the same time in 2014.
The same was true for most counties across central Indiana, where home sales were down 15 percent on average, according to a report from Indianapolis real estate firm F.C. Tucker Co.
Only two counties in central Indiana — Hancock and Shelby — had an increase in sales last month, the report said.
But home sales are still up for the year, compared to 2014. In Johnson County, sales are up nearly 7 percent for the year so far.
And the price that homes are selling for also is up, reaching an average of $174,372 last month. That’s up 5 percent from October 2014, the report said.
Across central Indiana, the price of homes sold was up 4 percent to $184,637.
“Declines in the fourth quarter of the housing market should be expected, but there are several other factors impacting the overall picture of October,” Jim Litten, president of F.C. Tucker Co. said in a news release.
[sc:pullout-title pullout-title=”By the numbers” ][sc:pullout-text-begin]
Here is a look at the number of homes sold:
Johnson County
October 2014: 199
October 2015: 175
Decrease: 12 percent
Boone County
October 2014: 87
October 2015: 56
Decrease: 36 percent
Hamilton County
October 2014: 498
October 2015: 407
Decrease: 18 percent
Hancock County
October 2014: 106
October 2015: 113
Increase: 7 percent
Hendricks County
October 2014: 225
October 2015: 188
Decrease: 16 percent
Marion County
October 2014: 1,068
October 2015: 914
Decrease: 14 percent
Morgan County
October 2014: 96
October 2015: 68
Decrease: 29 percent
Shelby County
October 2014: 36
October 2015: 40
Increase: 11 percent
SOURCE: F.C. Tucker Co.
[sc:pullout-text-end]
