January brings an 11.7 percent spike in Central Indiana home sales
F.C. Tucker reports average home prices continue to climb, time on market decreases
INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. January 2017 pended sales were up 11.7 percent compared to January 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 7.1 percent to $180,866.
With the New Year came new resolutions of home ownership which contributed to 2,109 homes sold in Central Indiana, an increase from 1,851 homes sold in December. Hendricks and Hamilton counties showed the largest increase in the number of homes sold among suburban counties. In January, 10 of the 15 counties that F.C. Tucker tracks experienced an increase in sales. Specifically:
- Hendricks and Hamilton counties displayed significant growth in homes sold. Hendricks County’s sales increased by 40.3 percent in January 2017 compared to January 2016, and Hamilton County’s sales increased 28.5 percent.
- Putnam and Montgomery counties’ pended sales, in contrast, decreased by 47.5 percent and 36.8 percent, respectively, compared to January 2016.
In keeping with the previous month’s trends, homes sold more quickly and for more money in January, signaling a strong seller’s market.
- The average year-to-date price in the 15-county region increased 7.1 percent, now at $180,866.
- Hamilton County’s average home price, at $276,256, surpassed Boone County for the first time in nine months. Boone County came in a close second, however, at an average price of $274,896.
- Worth noting, three counties showed significant dips in average home prices. Decatur County’s average home price dropped a staggering...