Column: Home sales increase 8.8 percent


F.C. Tucker Company reported more than 16,000 pended home sales in the first half of the year, resulting in a year-to-date increase of 8.8 percent compared to this time last year. Year-to-date sales prices also increased nearly 5 percent. The average year-to-date sales price for a home in the nine-county area was $182,627.

June 2015 pended home sales, however, slipped 4.8 percent compared to June 2014. F.C. Tucker reported 2,806 homes sold, a modest decline of 143 homes. Hamilton County is among the areas where sales slipped while prices trend up.

  • In Hamilton County, 595 homes pended in June 2015, a decrease of 15.2 percent, while the average sale price climbed to $275,801, an increase of 3.5 percent.
  • Specifically in Westfield, the average sale price in June 2015 rose 5.3 percent to $293,958, an uptick of $14,881 over June 2014.
  • Of the pended home sales in Westfield last month, one was priced $1,000,000 to $1,999,999; nine were priced $500,000 to $999,999; 14 were priced $300,000 to $499,999; 23 were priced $200,000 to $299,999 and 26 were priced $100,000 to $199,999.
  • Inventory in Westfield is tightening. Last month, 249 homes were for sale, a decrease of 24 homes compared to June 2014.
  • Pended home sales in Westfield have declined. In June 2015, 73 homes pended, a decrease of 28 homes compared to June 2014.
  • Homes are selling at a slower pace in Westfield. On average, homes sold in 65 days during the first six months of this year – four days slower than the same time period last year.

Though conditions tilt toward a seller’s market, there are still great opportunities for buyers to find an array of houses at various price points.