The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up nearly 17 percent year to date;
up 14.2 percent for November

19 straight months of month-to-month improvement for existing home sales

INDIANAPOLIS – With 1,708 pended sales in November in Central Indiana, overall year-to-date home sales are up 16.9 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

The increase marks the 19^th consecutive monthly increase over the previous year’s existing home sales. November 2012 pended home sales rose 14.2 percent over November 2011, an increase of 213 homes sold in the nine counties that F.C. Tucker tracks. Eight of the nine counties reported increased sales compared to November 2011.

In November, Hendricks County saw the largest increase in pended home sales which spiked 64.2 percent, raising the number of pended home sales to 174 from 106 in November 2011. Madison and Morgan counties also experienced hefty increases of 55.7 and 44.7 percent, respectively, over November 2011. Only Johnson County saw a decline, decreasing 3.6 percent from November of last year.

“As the year comes to a close, we are encouraged by the direction of the housing market,” said Jim Litten, president of F.C. Tucker Company. “If the economy continues to improve, and the fiscal cliff situation is resolved, we expect continued positive momentum in the housing market in the coming months.”

Available homes for sale in the nine-county region dropped 17.3 percent in November 2012 with 11,096 homes on the market, 2,327 fewer than in November 2011. Nine Central Indiana counties experienced varying inventory declines with Hamilton County experiencing the greatest decrease...

INDIANAPOLIS – More than 2,000 homes pended in October in Central Indiana, with eight counties out of nine reporting increased home sales, according to statistics compiled by F.C. Tucker Company. Overall, October pended home sales rose 20.6 percent compared to October 2011, an increase of 343 homes in the nine counties that F.C. Tucker tracks.

Year-to-date, 21,997 homes pended, an increase of 3,057 homes compared to the same time period in 2011. For 18 straight months, existing home sales have shown month-to-month improvement.

The National Association of Realtors reports similar trends across the country, as sales are up 10 percent and inventory is down 20 percent in the third quarter compared to the same time period in 2011. The drop in inventory combined with the increase in sales has led to a rise in home prices in most major metropolitan areas in the U.S., according to the association.

“Low interest rates and competitive prices continue to make the market attractive to home buyers,” said Jim Litten president of F.C. Tucker Company. The fourth quarter has started on a positive note, and we expect the positive trend to continue through the year.”

In October, Morgan County saw the largest increase in pended home sales which spiked 70 percent, raising the number of pended home sales to 85 from 50 in October 2011. Johnson and Hancock counties also experienced increases of 33.9 percent and 32.8 percent, respectively, over October 2011. Only Boone County saw a decline, down 17.3 percent compared to October 2011.

Central Indiana home sales up 14.3 percent year to date; up 5.4 percent for August

Inventory tightens by 13.8 percent; nine counties show drop in available homes for sale

 

INDIANAPOLIS – With 2,151 pended sales in August in Central Indiana, overall year-to-date home sales are up 14.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

 

On a monthly basis, August 2012 pended home sales rose 5.4 percent over August 2011, an increase of 111 homes sold in the nine counties that F.C. Tucker tracks. Five of the nine counties reported increased sales, and one county reported level sales, compared to August 2011. 

 

“A good healthy housing market fuels the entire economy,” said Jim Litten president of F.C. Tucker Company.  “Central Indiana has benefitted from low interest rates and housing affordability, making the region one of the best in the country for affordability which leads to increased home sales.”

 

In August, Madison County saw the largest increase in pended home sales which spiked 57.7 percent, raising the number of pended home sales to 175 from 111 in August 2011. Morgan and Hamilton counties also experienced increases of 11.8 and 9.9 percent, respectively, over August 2011. Johnson County saw the biggest decline, decreasing 19.1 percent from August of last year. Boone and Shelby counties also experienced decreases, 9.1 percent and 2.4 percent respectively.

 

Available homes for sale in the nine-county region dropped 13.8 percent in August 2012 with 13,212 homes on the market,...

Central Indiana home sales up 14 percent year to date; up 9.7 percent for July

 Inventory tightens by 12.7 percent; eight counties show drop in available homes for sale

INDIANAPOLIS – With 2,219 pended sales in July in Central Indiana, overall year-to-date home sales are up more than 14 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, July 2012 pended home sales rose 9.7 percent over July 2011, an increase of 196 homes sold in the nine counties that F.C. Tucker tracks. Seven of the nine counties reported increased sales compared to July 2011. 

“As we move further into the third quarter, we are encouraged by the direction of the market,” said Jim Litten, president of F.C. Tucker Company. “Home sales and home prices continue to grow – necessary factors for market stabilization.”

In July, Madison County saw the largest increase in pended home sales which spiked 48.4 percent, raising the number of pended home sales to 141 from 95 in July 2011. Morgan and Marion counties also experienced increases of 19.7 and 12.4 percent, respectively, over July 2011. Hancock County saw the biggest decline, decreasing 20.5 percent from July of last year. Hendricks County also experienced a decrease of 5.6 percent. 

Available homes for sale in the nine-county region dropped 12.7 percent in July 2012 with 13,655 homes on the market, 1,995 fewer than in July 2011. Eight Central Indiana counties experienced varying inventory declines with Johnson County experiencing the greatest decrease in inventory at 19.9 percent. Madison County saw a modest increase, up 0.5 percent. 

Overall,...

INDIANAPOLIS – With more than 2,178 pended sales in June in Central Indiana, overall year-to-date home sales are up 13.4 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, June 2012 pended home sales rose 4.9 percent over June 2011, an increase of 101 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to June 2011. 

“The first half of the year has finished strong,” said Jim Litten, president of F.C. Tucker Company. “Increases in home sales and home prices, and decreases in inventory are positive signs that the Central Indiana real estate recovery is on solid ground.”

In June, Shelby County saw the largest increase in pended home sales which spiked 37.9 percent, raising the number of pended home sales to 40 from 29 in June 2011. Hancock and Johnson counties also experienced increases of 21.9 and 12.1 percent over June 2011, respectively. Morgan County saw the biggest decline, decreasing 22.4 percent from June of last year. Boone and Hendricks counties also experienced decreases of 16.5 and 13.9 percent respectively.

Available homes for sale in the nine-county region dropped 13.3 percent in June 2012 with 13,780 homes on the market, 2,117 fewer than in June 2011. All nine Central Indiana...

Central Indiana home sales up 13.2 percent year to date;
up 7 percent for May

Inventory tightens by 11.4 percent; nine counties show drop in available homes for sale

INDIANAPOLIS – With more than 2,300 pended sales in May in Central Indiana, overall year-to-date home sales are up 13.2 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, May 2012 pended home sales rose 7 percent over May 2011, an increase of 153 homes sold in the nine counties that F.C. Tucker tracks. Eight of the nine counties reported increased sales compared to May 2011. 

“The market continues to show signs of improvement across Central Indiana,” said Jim Litten, president of F.C. Tucker Company.  “Inventory is gradually shrinking while sales and prices continue to increase – all signs of market stabilization.”

In May, Madison County saw the largest increase in pended home sales which spiked 48.5 percent, raising the number of pended home sales to 150 from 101 in May 2011. Hancock and Shelby counties...

Central Indiana home sales up 12 percent year to date; up more than 3 percent for April

Inventory tightens by 11.3 percent; nine counties experience drop in available homes for sale

INDIANAPOLIS – With more than 2,200 homes showing pended sales in April in Central Indiana, overall year-to-date pended home sales are up 12 percent over this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, April 2012 pended home sales rose 3.3 percent over April 2011, an increase of 72 homes sold in the nine counties that F.C. Tucker tracks. Five of the nine counties reported increased sales compared to April 2011. 

“The housing market continues to show signs of stabilization,” said Jim Litten, president of F.C. Tucker Company.  “Home sales and prices are gradually increasing while inventory is decreasing – all signs of a strengthening market.”

In April, Madison County saw the largest increase in pended home sales which spiked 32 percent, raising the number of pended home sales...

Central Indiana home sales up nearly 5 percent in March

Inventory tightens by 12.1 percent; eight counties experience drop in available homes for sale

INDIANAPOLIS – More than 2,300 homes pended in March, with all but three Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, March 2012 pended home sales rose 4.9 percent over March 2011, an increase of 109 homes sold in the nine counties that F.C. Tucker tracks. 

In March, Madison County saw the largest increase in pended home sales which spiked 39 percent, raising the number of pended home sales to 146 from 105 in March 2011. Boone and Morgan counties also experienced increases of 31.5 and 9.7 percent over March 2011, respectively. Hancock County saw the biggest decline – 21.4 percent. Johnson and Hendricks experienced decreases as well – 16 and 11.3 percent respectively.

Available homes for sale in the nine-county region dropped 12.1 percent in March 2012 with 13,079 homes on the market, 1,793 fewer than in March 2011. Eight Central Indiana counties experienced varying inventory declines with Johnson County experiencing the greatest decrease in inventory...

Central Indiana home sales up more than 14 percent in February

Inventory tightens by 12.5 percent; nine counties experience drop in available homes for sale

INDIANAPOLIS – More than 1,700 homes pended in February, with all but one Central Indiana county reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, February 2012 pended home sales rose 14.7 percent over February 2011, an increase of 222 homes sold in the nine counties that F.C. Tucker tracks. 

“Nationally, the real estate market is showing positive activity, and that movement is being mirrored here in Central Indiana,” said Jim Litten, president of F.C. Tucker Company.  “Supply and historical low interest rates have created favorable conditions for consumers looking for great value and smart investments.”

In February, Madison County saw the largest increase in pended home sales which spiked 44.6 percent, raising the number of pended home sales to 107 from 74 in in February 2011. Hancock and Johnson counties also experienced increases of 38.3 percent and 28.2 percent over February 2011, respectively....

 

Inventory tightens by 15.3 percent; nine counties experience drop in available homes for sale

INDIANAPOLIS – More than 1,500 homes pended in January, with all but three Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, January 2012 pended home sales rose 13.4 percent over January 2011, an increase of 181 homes sold in the nine counties that F.C. Tucker tracks. 

“As we move deeper into the new year, we anticipate that sales will continue to increase for the first six months of the year,” said Jim Litten, president of F.C. Tucker Company. “But it’s likely the market may slow a little toward the second half of the year while consumers take a wait-and-see approach pending the outcome of the upcoming presidential election.”

In January, Hancock County saw the largest increase in pended home sales which spiked 52.2 percent, raising the number of pended home sales to 70 from 46 in in January 2011. Johnson and Shelby counties...

Central Indiana home sales up nearly 8 percent in December

Inventory tightens by 18.4 percent, while sales prices are up year-to-date over 2010

INDIANAPOLIS – More than 1,200 homes pended in December, with all but three Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, December 2011 pended home sales rose 7.9 percent over December 2010, an increase of 93 homes sold in the nine counties that F.C. Tucker tracks. 

In December, Shelby County saw the largest increase in pended home sales which spiked 50 percent, raising the number of pended home sales to 39 from 26 in December 2010. Morgan and Hendricks counties also experienced increases of 33.3 percent and 19.8 percent over December 2010, respectively. Home sales declined in Madison, Boone and Johnson counties.

Available homes for sale in the nine-county region dropped 18.4 percent in December 2011 with 11,914 homes on the market, 2,681 fewer than in December 2010. All nine Central Indiana counties experienced varying inventory declines with Johnson County experiencing the greatest decrease in inventory at 25.4 percent. Morgan County’s...