The Central Indiana’s housing inventory remaining low is not surprising. We had an unusually harsh winter and many homeowners were reluctant to list their homes for sale. With the warmer weather we should see an uptrend in available homes. With the interest rates remaining low, and forecasts indicating no huge increases until 2015, we could have a great 2014 selling season.

Here in central Indiana we have seen a slow but sure increase in home pricing based on the local REALTOR Association information. Over the last 6 months the average home price saw an increase of 8.7% and most of the homes sold in Central Indiana received offers that were 91.8% of their original asking price.

In the nearby area of Brown County, the increase of properties available indicated a 41.2% over last year. Morgan County did not perform as well showing a decrease in available listings indicating a 30.1% over last year. Decatur County has seen the largest increase in home pricing over last year with 44.8% in comparison to Putman County where home prices decreased over last year by 10.7%.