With average home prices reaching $176,835 in August 2014, home sales prices are up 6.7 percent compared to August 2013.
Boone County was among the counties that experienced higher home sales prices in the first eight months of 2014 compared to the same time period last year. On average, homes sold for $283,140, up 10.5 percent.
•In Zionsville, the average year-to-date sale price in August was $387,680, an increase of 11.9 percent compared to the same time period last year.
•Inventory is moving fast. Last month, homes in Zionsville remained on the market an average of 78 days which is a decrease of three days from August 2013.
•The number of homes for sale in Zionsville is rising. In August 2014, 216 homes were on the market, an increase of 15 homes compared to August 2013.
•Pended home sales experienced a decrease in Zionsville. Last month, 39 homes pended, a decrease of 16 homes from August 2013
•Of the pended home sales in Zionsville last month, eight were priced $500,000 to $999,999; 15 were priced $300,000 to $499,999; 10 were priced $200,000 to $299,999 and six were priced $100,000 to $199,999.
This year’s sales are healthy although they appear sluggish compared to last year, which was the fourth best year in Indianapolis real estate history. Even as sales typically slow during autumn and winter months, we believe the Central Indiana housing market will remain strong on balance.