Buyers and sellers were an active bunch in December closing out the year with a very busy month. In fact, closed sales increased by 13 percent in December and by 7.8 percent for the 4th quarter compared to the same time period in 2013.
Stable pricing was a main theme of central Indiana’s housing market in 2014 and that trend proved true in the 4th quarter. Median sales price rose by 3.7 percent and average sales price jumped 3.8 percent in the 4th quarter of the year. Prices for December were flat with median up 0.1 percent and average down .06 percent. The current average sales price for a home in central Indiana is $175,522.