The 2012 housing market ended on a positive note in Central Indiana. With 1,490 pended sales in December in Central Indiana, overall 2012 year-to-date home sales are up 17.3 percent compared to the same time in 2011, according to statistics compiled by F.C. Tucker Co.
On a monthly basis, December 2012 pended home sales rose 12.2 percent over December 2011, an increase of 162 homes sold in the nine counties that F.C. Tucker tracks. With 43 pended homes in December, Boone County was among the areas with a year-to-date increase over 2011.
- In Boone County, 2012 year-to-date pended home sales increased 19.8 percent, increasing the number of pended home sales to 973 from 812 the previous year.
- Zionsville home sales ended the year in positive territory as well. Year-to-date home closings soared 26.1 percent, increasing the number of closings to 488 from 387.
- Home prices in Zionsville continue to rise as well. The average sales price from January to December 2012 was $358,952, which is a 5.1-percent increase from the same time period the previous year.
- Of the homes that sold in Zionsville last month, five were priced $500,000 to $999,999; five were priced $300,000 to $499,999; three were priced $200,000 to 299,999; and six were priced $100,000 to $199,999.
- In addition to rising home prices, tightening inventory is a sign of market stabilization. In Zionsville, 162 homes were available for sale in December 2012 – 99 fewer homes than in December 2011.
For 20 straight months, existing home sales have shown month-to-month improvement, and we’re optimistic low interest rates and affordable prices will continue to fuel the trend as we begin 2013.