Central Indiana home sales up in September 2012

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Central Indiana home sales are up 14.6 percent this year compared to the same time period in 2011. FC Tucker Company released the figures Monday.

September 2012 pended home sales rose 3.8 percent over September 2011, an increase of 66 homes sold in the nine counties that the realty company tracks. Five of the nine counties reported increased sales compared to September 2011.

In September, Madison County saw the largest increase in pended home sales which spiked 46.5 percent, raising the number of pended home sales to 126 from 86 in September 2011. Shelby and Hamilton Counties also experienced increases of 45.8 and 13.4 percent, respectively, over September 2011. Hendricks County saw the biggest decline, decreasing nine percent from September of last year. Morgan, Marion and Johnson counties also experienced decreases.

Available homes for sale in the nine-county region dropped 14.3 percent in September 2012 with 12,727 homes on the market, 2,132 fewer than in September 2011. Nine Central Indiana counties experienced varying inventory declines with Hamilton County experiencing the greatest decrease in inventory at 17.5 percent.

Morgan County led the way with a 12 percent increase in home sales prices, while Boone, Hancock, Hendricks, Johnson, Madison, Marion and Shelby also saw an uptick in prices. Only Hamilton County experienced a decline - down 1.9 percent. The average year-to-date sales price for a home in the nine-county area was $155,987.

Of the pended home sales in the region last month, one was priced more than $2,000,000; four were priced $1,000,000 to $1,999,999; 31 were priced $500,000 to $999,999; 131 were priced $300,000 to $499,999; 217 were priced $200,000 to 299,999; 674 were priced $100,000 to $199,999 and 730 were priced at $99,999 or less.