High-priced homes on market longer, but still selling Tracy Donhardt, Indianapolis Business Journal Daily  IBJ staff Homes for sale in central Indiana priced above $500,000 are staying on the market twice as long as those priced under $200,000, but not all residential agents who specialize in selling high-end homes are worried. According to The Landrigan Quarterly, at the end of March there was an 8-month supply of homes priced under $200,000 and a 16-month supply of homes priced between $500,000 and $900,000. Homes above the $900,000 price were at a 56-month inventory level. Locally based Landrigan & Co. Realtors publishes The Landrigan Quarterly, which tracks the residential market for Marion and the 12 surrounding counties. "You have to look at the residential market as two separate markets," said Laura Musall, an agent with F.C. Tucker Co. "The real divider amount is $400,000. Above that, it's a very different market. It is more challenging. They do tend to be on the market longer." The length of time high-priced homes stay on the market is a bit skewed because certain counties are performing especially poorly, driving the entire 13-county area down, Musall explained. Still people are buying those homes in certain areas, said Musall, who mostly sells homes in Hamilton County and Zionsville. During the first quarter in Marion County, 25 of 359 homes priced above $500,000 sold. In Hamilton County, 86 of 586 homes in the same price range were sold, according to the Landrigan report. Musall declined to be specific in terms of the number of homes she has sold but said she sees a marked upswing in confidence today from a year ago and even six months ago. At the end of October in Hamilton County, there were 176 homes priced above $900,000 on the market, Musall said. At the end of March, there were 159 homes at that price on the market. Musall expects a noticeable improvement going into the summer months. "Right now we're at the start of the heaviest sales time," Musall said. "People are wanting to move before school starts. I think you're going to see a lot of fluctuation in the next quarter due to the time of the year."