Sales of existing homes in the Indianapolis area continued their upward trend, rising 14 percent in March.
The metro-area increase was not quite as robust as statewide sales, which jumped 18 percent in March compared to last year, said the Indiana Association of Realtors, which released the sale numbers today.
Associated Press: U.S home sales rise more than expected
In the eight-county metro area, 1,858 homes were sold in March, compared to 1,631 in the same month last year.
Sales rose 12 percent in Marion County, to 968, and 24 percent in Hamilton County, to 380.
The only metro-area counties that didn't see an increase in home sales last month were Hendricks and Shelby.
Statewide, 5,276 single-family homes, townhomes, duplexes and mobile homes were sold last month, compared to 4,475 in March of last year, said the Realtors. The numbers don't include homes that weren't sold through the Realtors network, including self-sold homes.
Median sales prices were up 8.2 percent over the past year, the sixth month in a row that prices have risen.
"Some of the large increase in sales can be attributed to the federal tax credit that will expire at the end of April," state Realtors Chief Executive Karl Berron said in a statement. "But also the trajectory of the market is clearly positive."
