Sales of single-family homes across Central Indiana area rose for a third straight month in May, showing signs of a real estate market that is benefiting from seasonal spring home buying apparently bolstered by transactions incentivized by the federal government’s homebuyer tax credit that expired on April 30 according to new monthly data compiled by RE/MAX of Indiana.

     Total Homes Sold + 13.17%  

     Pended Homes - 32.13%

     Average Sales Price + 7.14%

     Median Sales Price Moved From $123,000 to $130,000

     Total Active Listings + 2.65%

     6.8% Months Of Listing Inventory On The Market Now

At $130,000, the May median home price—the figure at which half of the homes sold for more and half sold for less—rose 6 percent from one year earlier to the highest level since July 2007. That’s the fourth straight monthly increase in the median price.

The average price of a single-family home in Central Indiana rose 7 percent last month to $153,708 compared to May 2009. That represents the highest average price of the year.