With 2,857 sales in May in Central Indiana, overall year-to-date home sales are up 19 percent compared to this time last year, according to statistics compiled by F.C. Tucker Co.
On a monthly basis, May 2013 home sales rose 13.5 percent over May 2012, an increase of 339 homes sold in the nine counties that F.C. Tucker tracks. All nine counties reported increased sales or sales on par with May 2012.
The robust housing recovery is underway in Boone County. For the first five months of the year, sales rose 12.2 percent, an increase of 52 homes compared to the same time last year. In May 2013, home sales increased 31.9 percent, raising the number of sold homes to 120 from 91.
In Zionsville, home sales rose 50 percent in May 2013, raising the number of homes to 75 from 50.
Homebuyers in Zionsville are still finding competitive prices. In May 2013, the average sales price was $338,525, decreasing from $377,041 from May 2012.
Inventory in Zionsville continues to tighten, though modestly. Last month, 227 homes were available for sale, which is 2.6 percent fewer compared to May 2012.
In Boone County, homes stayed on the market an average of 103 days in May 2013. In contrast, homes spent an average of 114 days on the market in May 2012.
Of the home sales in Zionsville last month, nine were priced $500,000 to $999,999; 34 were priced $300,000 to $499,999; 13 were priced $200,000 to $299,999 and 19 were priced $100,000 to $199,999.
The balance is tilting toward a seller’s market, but there are still great opportunities for buyers to find an array of houses at various price points.