With 2,528 pended sales in March in Central Indiana, overall year-to-date home sales are up 7.7 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, March 2015 pended home sales slipped 1.8 percent compared to March 2014, a decrease of 47 homes sold in the nine counties that F.C. Tucker tracks. However, home sales prices are trending up. In Hamilton County, year-to-date sale prices rose to $269,917, an increase of 4.4 percent from the same time period last year.

• In Westfield, home prices increased 20.9 percent to $310,424 in the first quarter compared to the first three months of last year.
• Of the pended home sales in Westfield last month, one was priced $1,000,000 to $1,999,999; 11 were priced $500,000 to $999,999; 20 were priced $300,000 to $499,999; 24 were priced $200,000 to 299,999; 26 were priced $100,000 to $199,999; and one was priced at $99,999 or less.
• Homes in Westfield are staying on the market a little longer. In March 2015, homes sold in 80 days on average, eight days slower than March 2014.
• Home sales decreased slightly in Westfield. Last month, 83 homes pended, a decrease of five homes compared to March 2014.
• Inventory in Westfield has decreased. In March 2015, the number of homes for sale slipped to 201 – tightening 19.9 percent from March 2014.

As we move into the second quarter, we believe home sales will increase and prices will remain strong. Though March sales were a little sluggish, we still expect to see activity gradually pick up due, in part, to recent job growth and the start of the spring selling season.