The FC Tucker Indianapolis Real Estate Blog

Number of available homes in central Indiana continues to drop throughout second quarter of 2016

First summer month shows growth in pended sales

INDIANAPOLIS – During the first half of 2016, the number of available homes in central Indiana continued to shrink while home prices rise. According to statistics compiled by F.C. Tucker Company, inventory has dropped nearly 19 percent year to date, while prices have risen 2 percent compared to this time last year. Pended sales have also steadily grown, up 4.8 percent for the year.

At the end of June 2016, 10,094 houses were available for sale, an 18.9 percent decline from June 2015 when 12,452 were active. Seven counties saw inventory dip more than 20 percent, while Boone County had the smallest decline at 6.6 percent. Bartholomew County was the only county to report more houses coming to market, about 116 homes, or an increase of 47.9 percent.

Every county except Putnam reported increased average year-to-date sale prices, which helped drive the 14-county average to approximately $185,459. Notably, Brown, Decatur and Johnson counties have seen prices grow between 9 and 11 percent since last year. Homes in Boone and Hamilton counties remain the highest priced, above $280,000 on average; Bartholomew, Brown and Hendricks counties are seeing average prices approaching $200,000.

“During this time of low inventory, demand for available homes has picked up,” said Jim Litten, CEO of F.C. Tucker Company. “June has been an incredibly busy time for buyers eager to move and sellers taking advantage of rising prices.” 

Overall, year-to-date pended sales are on the upswing, as 872 more homes sold in the 14-county region compared to 2015. Month-to-date sales are only slightly up, as just 10 additional homes sold in June 2016 compared to June 2015.

Of the pended home sales in the region last month, 11 were priced $1,000,000 to $1,999,999; 99 were priced $500,000 to $999,999; 364 were priced $300,000 to $499,999; 521 were priced...

Year-to-date pended sales up 7.3 percent in central Indiana

Market Update

Year-to-date pended sales up 7.3 percent in central Indiana

Higher-priced homes led sales growth in May

INDIANAPOLIS – At the end of May 2016, nearly 1,000 more homes have sold in central Indiana than during the first five months last year, according to data provided by F. C. Tucker REALTORS®. This figure represents a 7.3 percent increase in pended sales in the 13-county region compared to May 2015. In a monthly comparison, approximately 3,059 homes pended in May 2016, which was a 3 percent increase over May 2015. Homes priced above $300,000 contributed to the majority of last month’s growth in pended sales.

Throughout the region, the majority of counties have seen growth in year-to-date pended sales. Five counties – Boone, Brown, Johnson, Montgomery and Morgan – recorded growth of more than 10 percent. Only two counties – Decatur and Shelby – showed lower year-to-date sales compared to 2015, down 12.3 and 2.2 percent, respectively.

Several counties not only saw rising home sales, but also noted significant increases in average home sales prices. Johnson County saw an 11 percent increase, with prices up $18,690 since this time last year. Hancock, Madison and Morgan counties also experienced more than 8 percent increases. Putnam and Hendricks counties tracked varying declines, at 11.4 and 0.8 percent, respectively. Overall, the 13-county region’s average sales price is up 1.7 percent to $180,202. 

“May was a busy month for our sales associates, but the demand exists for more homes to be on the market,” said Jim Litten, CEO of F.C. Tucker Company. “Our data shows central Indiana has approximately 2.3 months of inventory. Typically, if inventory falls...

Average home prices steadily climb in central Indiana as inventory drops

Market Update

Average home prices steadily climb in central Indiana as inventory drops

New data from 13-county region reveals 1,600 fewer homes for sale compared to 2015

INDIANAPOLIS – Average home prices in central Indiana continue to climb, reaching $176,867 year to date – an uptick of 1.9 percent compared to 2015. According to the data compiled by F.C. Tucker, this is now the 52nd consecutive month of increasing sale prices in the region.

In April 2016, all but three counties in the 13-county region Tucker tracks experienced rising home sale prices. Brown, Shelby and Decatur counties led the way with 14.7, 12.7 and 12.3 percent increases, respectively. Homes sold in Boone and Hamilton counties had average sales prices above $270,000, while Morgan, Johnson, Hendricks, Hancock and Brown counties averaged between $150,000 and $203,000. Putnam County experienced the largest decline in the average sale price, approximately 18.1 percent, dropping to $112,749.

Along with rising sale prices, month-to-date pended home sales increased compared to last year. The 13-county data revealed a 2.1 percent increase month to date, which represented approximately 60 more homes sold compared to April 2015. Six of the 13 counties showed double-digit percentage increases in pended sales, and Brown County led the way with a 57.1 percent increase. Decatur County pended sales decreased 50 percent.

Year to date, the 13-county region has fallen 0.5 percent from last year’s pended sales figures. Brown County has maintained an overall 26 percent increase in pended sales. Decatur County experienced the largest decline, down 11 percent.

“The rate at which the average sale...

Year-to-date pended home sales grow in central Indiana

Year-to-date pended home sales grow in central Indiana

Madison, Marion and Shelby counties lead growth in March while inventory continues to decline

INDIANAPOLIS – Year-to-date pended home sales in the nine-county central Indiana region have inched ahead of last year’s total by approximately 1.6 percent. According to F.C. Tucker Company’s real estate data for the region, 111 more homes have sold in 2016 than this time last year, bringing the year-to-date total to 7,252. On a monthly basis, March 2016 pended home sales dipped by 2.5 percent, representing just 71 fewer homes sold compared to March 2015. Three counties – Madison, Marion and Shelby – showed gains, which contributed to last month’s total pended sales of 2,824.

Available inventory in the region continued to tighten. Last month, the number of homes for sale decreased 13.5 percent compared to March 2015, resulting in 1,334 fewer homes on the market. Hancock, Johnson and Marion counties’ listings declined more than 15 percent, while Boone County showed the only increase, with one more house for sale this month than in March 2015.

The average sales price of a home in central Indiana rose for the third month in a row in 2016 to $176,245. Each county showed growth, except Hendricks County, where home prices declined approximately 1.9 percent, or $3,500. Shelby County’s average sales price increased more than $16,700, or 14.6 percent. The second-largest gain was in Madison County, where home prices grew 13.4 percent, or $10,600. Of the nine counties that F.C. Tucker tracks, Madison County recorded the lowest average sale price at $89,901, while Hamilton County netted the highest average sale price at $272,524. Year to date, home prices are approximately 2.7 percent ahead of 2015.

“It is a prime time to be a seller,” said Jim Litten, CEO of F.C. Tucker Company. “Sellers do not...

F.C. Tucker’s Carmel office will move to new Midtown development

INDIANAPOLIS – The Carmel office of real estate firm F.C. Tucker Company is excited to announce it will move from its current location at 1119 Keystone Way to the emerging Midtown development near 3rd Street SW and 1st Avenue SW in Carmel’s Arts & Design District. F.C. Tucker has signed a lease agreement with Old Town Development to occupy 15,000 square feet of the ground level of the new $33 million Allied Solutions, LLC, headquarters, expected to be complete by October 2017.

The new office space will house all of the Carmel office’s operations as well as a new mortgage center. Currently, 150 real estate associates work at the Carmel office, and the move to Midtown will allow F.C. Tucker to accommodate approximately 30 percent more associates than its current location.

“We embrace the live-work-play concept, where accessibility and connectivity matter to residents of a community,” said Jim Litten, CEO of F.C. Tucker Company. “We chose this location over other typical office space because it offers a vibrant sense of place and unique connection with the heart of the city. This is an exciting time for our company, and we look forward to being part of the energy Midtown will bring to Carmel.”

F.C. Tucker Carmel will occupy approximately three-fourths of the street-level space inside the five-story building. The space will feature many conveniences and amenities today’s real estate professionals need, including collaborative space, educational training space and onsite closing rooms. The new lobby will also feature a direct link to the Monon Trail. 

“We are delighted F.C. Tucker, Carmel’s largest residential real estate company, has chosen Midtown as their new home base for the city,” said Carmel Mayor Jim Brainard....

Year-to-date pended home sales gaining momentum in Central Indiana

Year-to-date pended home sales gaining momentum in Central Indiana

February sales an improvement over January, average sale prices continue to grow

INDIANAPOLIS – According to F.C. Tucker Company’s real estate data of the nine-county Central Indiana region, pended home sales are gaining momentum. In February 2016, pended sales were down 3.5 percent compared to this time last year, while January 2016 sales had been down 9.5 percent. Available inventory in the region was also tighter in 2016, with 883 fewer homes on the market than February 2015. During this time period, average sales prices grew modestly by 2.7 percent, now at $171,932.

Madison and Hancock counties showed double-digit growth at 21.6 percent and 11.2 percent, respectively. Marion County’s pended sales rose 1.1 percent, while Boone, Hamilton and Shelby counties recorded double-digit declines in their percentage of pended home sales. Overall, approximately 148 fewer homes pended in February 2016 than February 2015.

All but one county showed a decline in available inventory compared to last year. Morgan County’s listings were off nearly 18 percent; Hancock County’s listings dipped 17.7 percent. In Marion County, approximately 500 fewer homes were available, which represented an 11.4 percent decline from last year. In total, 8,411 homes were for sale during February.

Home sale prices climbed in seven counties last month compared to February 2015. Year to date, Morgan County led the way with a 13.9 percent price uptick to $146,267. Johnson County also showed a comparable gain of 13.8 percent to $182,101. Hancock County’s home prices grew by 10.7 percent, and Boone, Madison and Shelby counties each recorded an increase of approximately 6 percent. Boone County’s homes netted the highest average sale price of all nine counties at $270,681. Hendricks County experienced the largest decline in average...

Central Indiana average home sale prices strong in January as inventory weakens

Central Indiana average home sale prices strong in January as inventory weakens

January’s slow start in pended sales triggered by fewer active listings

INDIANAPOLIS – F.C. Tucker Company reported average home sale prices in the nine-county central Indiana region rose 2.1 percent in January 2016 compared to January 2015, while active listings declined 11.7 percent in the same period. Home prices averaged $171,253 last month, which is more than $3,500 higher than the average price of homes in January 2015. Tighter inventory also affected the year’s slow start in pended home sales, which declined 9.5 percent compared to last year.  

Five counties saw higher home sale prices last month than in January 2015. Year to date, Morgan County led the way with an 18.8 percent price uptick to $145,974. Johnson County’s average sale price increased 9.5 percent, while Hancock County experienced a 7.3 percent gain. Hamilton County had the highest average sale price of all nine counties at $271,330. Boone County had the largest decline in average sale price, approximately 14.9 percent, now at $247,748.

All nine counties noted fewer homes on the market. Hancock and Morgan counties each experienced an approximately 18 percent decline in active listings compared to January 2015. Hendricks, Johnson, Marion and Shelby counties also had double-digit percentage declines. Overall, these decreases in the region represented 1,107 fewer active listings than last year.

“Low inventory is a trend nationwide, and it can affect the health of the real estate market,” said Jim Litten, president of F.C. Tucker Company. “The National Association of Realtors’ recent quarterly HOME study found 83 percent of current renters hope to own a home in the future. That demand may spark current homeowners to list their homes and perhaps help spur more sales in 2016.”

In January...

Central Indiana home sales up in December, year to date

Central Indiana home sales up in December, year to date

Inventory tightens by 8.7 percent, while sales prices are up year to date over 2014

INDIANAPOLIS – The year finished on a high note, with 2015 showing an 8 percent increase in pended home sales over 2014, according to F.C. Tucker Company statistics of the nine-county central Indiana region.  More than 31,000 homes sold in 2015, up from approximately 29,000 last year. The average selling price of a home also rose each month of the year as available inventory declined during 11 months of 2015.

In December 2015, the region had 1,645 pended home sales, which was up slightly from the 1,636 sales in December 2014. Johnson County saw the largest increase in pended home sales, raising the number of sales to 152, or 12.6 percent, from 135 in December 2014. Shelby County had a 10 percent increase of pended sales, while both Morgan and Hancock counties also experienced a 5.6 percent upturn over December 2014. Home sales in Boone, Hamilton and Madison were off by fewer than five homes per county during the same time period, while Hendricks County’s pended sales dipped 21.1 percent.

Available homes for sale in the nine-county region dropped by nearly 800, or 8.7 percent, in December 2015 compared to December 2014. Eight central Indiana counties experienced varying inventory declines, and Hancock County had the greatest decrease at 13.2 percent. Shelby County grew by 7.6 percent, or a gain of 15 homes compared to December 2014.

“2015 was marked by modest growth, but the nine-county central Indiana region has performed as well, and in some respects, better than the national trends in home sales,” said Jim Litten, president of F.C. Tucker Company. “We expect 2016 to emulate last year, as interest rates and affordability affect the industry. However, we’re optimistic that homeownership is still appealing to the majority of millennials,...

Central Indiana average home sale prices continue to rise as inventory tapers off

Central Indiana average home sale prices continue to rise as inventory tapers off

Nine-county pended home sales are up 7 percent year to date

INDIANAPOLIS – F.C. Tucker Company reported average home sale prices in the nine-county central Indiana region rose 4.3 percent in October 2015 compared to October 2014, while active listings declined 7.6 percent in the same period. Home prices averaged $184,637 last month, which is more than $7,500 higher than the average price of homes in October 2014. Despite the 15.3 percent dip in pended home sales last month compared to October 2014, the region’s pended home sales are still up 7 percent year to date.

Eight counties saw higher home sale prices last month than in October 2014. Year to date, Madison County led the way with a 9.8 percent price uptick to $94,956. Hancock County’s average sale price increased 8.4 percent, while Hendricks County experienced a 7.1 percent gain. Hamilton County had the highest average sale price of all nine counties at $277,048. Boone County was the only county to show a slight decline in average sale price, at approximately 3.7 percent.

Boone County’s active listings last month were nearly level with those of October 2014, while the other eight counties noted varying declines in listings. Hancock County experienced the biggest drop last month at 14.2 percent, or 63 fewer active listings when compared to October 2014. Madison and Morgan Counties also experienced tightening inventory during the same period, with 10.4 and 13.4 percent fewer homes for sale, respectively. The overall year-to-date decline in active listings averaged 7.6 percent compared to the same period in 2014.

“Declines in the fourth quarter of the housing market should be expected, but there are several other factors impacting the overall picture of October,” said Jim Litten, president of F.C. Tucker Company. “According to the Consumer...

Central Indiana home sales down in September, up year to date

Central Indiana home sales down in September, up year to date

Home prices continue to climb, up 4.9 percent on average this year

INDIANAPOLIS – F.C. Tucker Company reported September 2015 home sales were down 6.8 percent for the nine-county central Indiana region compared to September 2014, but up 7.9 percent year to date. Fewer homes were on the market last month compared to September 2014, showing a continuing trend toward a more balanced market. Average year-to-date home sale prices, meanwhile, climbed 4.9 percent to $185,536.

All nine central Indiana counties experienced varying declines in inventory. Morgan County experienced the biggest drop at 18.4 percent, or 101 fewer active listings when compared to September 2014. Shelby County reported the smallest change, with 1.6 percent fewer listings in September 2015 compared to the same time last year. On average, inventory in the nine-county area declined 9.2 percent compared to September 2014.

Tucker’s data indicates eight counties experienced slightly higher home sale prices than in September 2014. Year to date, Madison County led the way with an 11.7 percent uptick in prices. Hancock County’s average sale price increased 8.8 percent to $168,788, while Hendricks and Marion counties also saw gains above 7 percent. Boone County had the second highest average sale price of all nine counties at $271,190, and was the only county to experience a decrease of 3.6 percent in September 2015.

“Residential real estate sales and listings are still very active,” said Jim Litten, president of F.C. Tucker Company. “The region is 7.9 percent ahead of last year’s pended sales at this time, and that’s a sure sign we’ve ended the third quarter on a strong note. And, as average sale prices continue to rise, the incentive to list a home is still high.”

In September 2015, 2,276 homes pended, down from 2,442...

Central Indiana homes sales dip in August, but climb year to date

Central Indiana homes sales dip in August, but climb year to date

Fewer homes on the market result in increased sale prices, up 4.9 percent this year

INDIANAPOLIS – F.C. Tucker Company reported August 2015 home sales were down 11.1 percent for the nine-county central Indiana region, but up 8.2 percent year to date. Fewer homes were on the market last month compared to August 2014, showing a continuing trend toward a more balanced market. Average year-to-date home sale prices, however, climbed 4.9 percent to $186,087.

All nine central Indiana counties experienced varying declines in inventory. Madison County experienced the biggest drop at 23.9 percent. Marion and Shelby counties had the smallest changes, both reporting 2.7 percent fewer listings in August 2015 compared to August 2014, or 147 fewer active listings in Marion County and seven fewer in Shelby County.

Tucker’s data indicates that eight counties experienced slightly higher home sale prices than in August 2014. Year to date, Madison County led the way with an 11.7 percent uptick in prices. Hancock and Hendricks counties also saw increases of 7.8 and 7.5 percent, respectively, while Johnson and Marion counties also saw gains above 7 percent. Boone County, which still has the highest average sale price of all nine counties, experienced a decrease of 2.1 percent last month. The average sale price now stands at $278,429.

“The residential real estate story in the Indianapolis area continues to be declining inventory and increasing prices, which is attractive for home sellers,” said Jim Litten, president of F.C. Tucker Company. “Although we saw a slight decline in homes sales in August, the overall trend is positive. Interest rates and unemployment remain low, and consumer confidence is relatively strong.”

In August 2015, 2,393 homes pended, down from 2,692 in August 2014. Boone and Johnson counties experienced the largest...

Central Indiana home sales up nearly 9 percent year to date August 2015

Central Indiana home sales up nearly 9 percent year to date

Inventory tightens by more than 9 percent; Sale prices increase more than 5 percent year to date

INDIANAPOLIS – F.C. Tucker Company reported more than 19,000 pended home sales in the first seven months of the year, resulting in a year-to-date increase of 8.9 percent compared to this time last year. Year-to-date sale prices also increased more than 5 percent. The average year-to-date sale price for a home in the nine-county area was $185,529.

July 2015 pended home sales, however, slipped 4.5 percent compared to July 2014. F.C. Tucker reported 2,602 homes sold, a modest decline of 123 homes. Four of the nine Central Indiana counties reported decreased sales compared to July 2014.

In July, Hancock County home sales surged 28.3 percent, raising the number of pended home sales to 127 from 99 in July 2014. Boone County saw an increase of 3.7 percent, while Madison, Marion and Johnson experienced smaller increases. Hendricks County saw the biggest decline, decreasing 18.5 percent compared to July of last year. Hamilton, Morgan and Shelby experienced smaller decreases.

“We’re seeing the best July in the last five years in terms of sale prices, which have increased more than $34,000 on average,”  said Jim Litten, president of F.C. Tucker Company. “Meanwhile, the number of available homes on the market is the lowest we’ve experienced in five years – all pointing to a more balanced, stable market that tends to benefit sellers.”

Available homes for sale in the nine-county region decreased 9.2 percent in July 2015 with 11,233 homes on the market, 1,138 fewer than in July 2014. All nine counties experienced varying inventory declines with Madison and Shelby counties tightening 23.5 and 17.3 percent, respectively. Boone, Hamilton, Hancock, Hendricks, Johnson, Marion and Morgan counties also saw declines.

...

Central Indiana home sales up nearly 9 percent year to date - MarketWatch Update on July 2015

Central Indiana home sales up nearly 9 percent year to date

Inventory tightens by 6 percent; Sale prices increase nearly 5 percent year-to-date

INDIANAPOLIS – F.C. Tucker Company reported more than 16,000 pended home sales in the first half of the year, resulting in a year-to-date increase of 8.8 percent compared to this time last year. Year-to-date sales prices also increased nearly 5 percent. The average year-to-date sales price for a home in the nine-county area was $182,627.

June 2015 pended home sales, however, slipped 4.8 percent compared to June 2014. F.C. Tucker reported 2,806 homes sold, a modest decline of 143 homes. Five of the nine Central Indiana counties reported decreased sales compared to June 2014.

In June, Shelby County home sales surged 25.6 percent, raising the number of pended home sales to 54 from 43 in June 2014. Madison County saw an increase of 10.3 percent, while Hendricks and Hancock counties both experienced increases of 3.7 percent compared to June 2014. Johnson County saw the biggest decline, decreasing 17.3 percent compared to June of last year.

“Though conditions tilt toward a seller’s market, there are still great opportunities for buyers to find an array of houses at various price points,” said Jim Litten, president of F.C. Tucker Company. “Buyers are noticing inventory moving at a slightly faster pace, selling five days quicker year to date than in 2014.”

Available homes for sale in the nine-county region decreased 6 percent in June 2015 with 11,285 homes on the market, 715 fewer than in June 2014. All nine counties experienced varying inventory declines with Madison and Shelby counties tightening 21.9 and 16.2 percent, respectively. Johnson, Boone, Hendricks, Hamilton, Hancock, Morgan and Marion also saw declines.

Overall, year-to-date sales prices for the nine-county Central Indiana area increased by 4.8 percent. Tucker’s...

Central Indiana home sales up 9 percent year to date

Central Indiana home sales up 9 percent year to date

Inventory tightens by 4.3 percent; Sale prices increase nearly 6 percent year-to-date

 INDIANAPOLIS – With 2,910 pended sales in May in Central Indiana, overall year-to-date home sales are up 9 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, May 2015 pended home sales slipped 3.9 percent compared to May 2014, a decline of 117 homes sold in the nine counties that F.C. Tucker tracks. Five of the nine counties reported decreased sales compared to May 2014. 

In May, Hendricks County saw the largest increase in pended home sales which spiked 9.3 percent, raising the number of pended home sales to 271 from 248 in May 2014. Madison and Marion counties experienced increases of 8.6 and 0.8 percent over May 2014 respectively, while sales in Hancock County remained unchanged. Hamilton County saw the biggest decline, decreasing 15 percent compared to May of last year. Johnson and Morgan counties also experienced decreases – 13.5 and 11.3 percent. Boone and Shelby counties saw smaller decreases in pended sales.

“With only 3.8 months of inventory available in Central Indiana, we’re definitely experiencing a seller’s market,” said Jim Litten, president of F.C. Tucker Company. “Sellers are benefitting from rising prices as inventory continues to tighten.”

Available homes for sale in the nine-county region decreased 4.3 percent in May 2015 with 10,928 homes on the market, 486 fewer than in May 2014. Eight Central Indiana counties experienced varying inventory declines with Madison and Hancock counties tightening 21.2 and 11.4 percent, respectively. Shelby, Morgan, Johnson, Boone, Hendricks and Hamilton also saw declines. Inventory in Marion County increased by 0.3 percent.

Overall, year-to-date sales prices for the...

Central Indiana home sales up nearly 9 percent year to date

Market Update

Central Indiana home sales up nearly 9 percent year to date

Inventory tightens by 3.2 percent; Sale prices increase more than 5 percent year-to-date

 INDIANAPOLIS – With 2,912 pended sales in April in Central Indiana, overall year-to-date home sales are up 8.9 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, April 2015 pended home sales rose 0.2 percent compared to April 2014, a modest increase of six homes sold in the nine counties that F.C. Tucker tracks. Four of the nine counties reported increased sales compared to April 2014. 

In April, Shelby County saw the largest increase in pended home sales which spiked 55.2 percent, raising the number of pended home sales to 45 from 29 in April 2014. Madison and Marion counties experienced increases of 44.4 and 4.9 percent over April 2014 respectively. Sales also rose in Hancock County, modestly rising 0.8 percent to 124 from 123 homes. Johnson County saw the biggest decline, decreasing 28.5 percent compared to April of last year. Morgan and Boone counties also experienced decreases – 11.4 and 9.3 percent. Hendricks and Hamilton counties saw smaller decreases in pended sales.

“We’re pleased the second quarter is off to a strong start compared to this time last year,” said Jim Litten, president of F.C. Tucker Company. “Inventory is tight and prices continue to rise – positive signs that our housing market is gaining momentum.”

Available homes for sale in the nine-county region decreased 3.2 percent in April 2015 with 10,570 homes on the market, 354 fewer than in April 2014. Eight Central Indiana counties experienced varying inventory declines with Madison and Morgan counties tightening 19.2 and 12.3 percent, respectively. Hancock, Shelby, Hendricks, Johnson, Boone and Hamilton also saw declines. Inventory in...

Central Indiana home sales up nearly 8 percent year to date

Market Update

Central Indiana home sales up nearly 8 percent year to date

Prices increase more than 5 percent; seven counties show rise in average sale price

 

INDIANAPOLIS – With 2,528 pended sales in March in Central Indiana, overall year-to-date home sales are up 7.7 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, March 2015 pended home sales slipped 1.8 percent compared to March 2014, a decrease of 47 homes sold in the nine counties that F.C. Tucker tracks. Three of the nine counties reported increased sales compared to March 2014. 

In March, Madison County saw the largest increase in pended home sales which spiked 27.4 percent, raising the number of pended home sales to 144 from 113 in March 2014. Shelby and Johnson counties experienced increases of 9.1 and 5.9 percent, respectively, over March 2014. Boone County saw the biggest decline, decreasing 33.6 percent compared to March of last year. Hancock, Hendricks, Morgan, Madison, Marion and Hamilton counties also experienced decreases.

“As we move into the second quarter, we believe home sales will increase and prices will remain strong,” said Jim Litten, president of F.C. Tucker Company. “Though March sales were a little sluggish, we still expect to see activity gradually pick up due, in part, to recent job growth and the start of the spring selling season.”

Available homes for sale in the nine-county region decreased 0.9 percent in March 2015 with 9,868 homes on the market, 93 fewer than in March 2014. Eight Central Indiana counties experienced varying inventory declines with Madison and Johnson counties seeing the greatest decreases of 13.9 and 10.2 percent, respectively. Boone, Hamilton, Hancock, Hendricks, Morgan and Shelby counties also saw declines. Inventory in Marion County increased by 4.4 percent.

Overall,...

Central Indiana home sales up more than 8 percent year to date

Central Indiana home sales up more than 8 percent year to date

Prices increase more than 5 percent; six counties show rise in average sale price

 INDIANAPOLIS – With 2,036 pended sales in February in Central Indiana, overall year-to-date home sales are up 8.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, February 2015 pended home sales rose 2.7 percent compared to February 2014, an increase of 53 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to February 2014. 

In February, Shelby County saw the largest increase in pended home sales which spiked 33.3 percent, raising the number of pended home sales to 48 from 36 in February 2014. Madison and Marion counties experienced increases of 17.3 and 7.3 percent over February 2014 respectively. Sales also rose in Morgan, Johnson and Hamilton counties. Hendricks County saw the biggest decline, decreasing 16.8 percent compared to February of last year. Hancock and Boone counties also experienced decreases – 12.9 and 8.1 percent.

“We’re excited to see the first quarter moving in a positive direction,” said Jim Litten, president of F.C. Tucker Company. “As we head toward the spring selling months, we’re optimistic that modest sales gains will continue across most of Central Indiana.”

Available homes for sale in the nine-county region increased 0.7 percent in February 2015 with 9,294 homes on the market, 65 more than in February 2014. Four Central Indiana counties experienced varying inventory increases with Marion and Morgan counties rising 4.7 and 2.5 percent, respectively. Hamilton and Hancock counties also experienced increases, while Hendricks County remained unchanged.  Madison County experienced the greatest decrease in inventory to 575 homes from 678 homes in...

Central Indiana home sales up nearly 5 percent in January

Five counties experience drop in available homes for sale

INDIANAPOLIS – More than 1,700 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 2015 pended home sales rose 4.7 percent over January 2014, an increase of 76 homes sold in the nine counties that F.C. Tucker tracks.

In January, Shelby County saw the largest increase in pended home sales which spiked 47.8 percent, raising the number of pended home sales to 34 from 23 in January 2014. Madison and Hancock counties also experienced increases of 31.2 and 25 percent over January 2014, respectively. Sales in Hendricks County declined by 21.8 percent, a decrease of 37 homes compared to January 2014. Boone and Hamilton counties also saw decreases – 6.5 and 5.4 percent respectively. Available homes for sale in the nine-county region increased 1.4 percent in January 2015 with 9,450 homes on the market, 130 more than in January 2014. Three Central Indiana counties experienced varying inventory increases with Hamilton and Morgan counties rising by 8.4 and 8.0 percent respectively. Marion County also experienced an increase, while Hendricks County remained unchanged. Madison County experienced the greatest decrease in inventory to 616 homes from 695 homes in January 2014, a reduction of 11.4 percent. Boone, Hancock, Johnson and Shelby counties saw declines.

...

Central Indiana home sales up 3 percent in December

Central Indiana home sales up 3 percent in December

Inventory tightens by 3.3 percent, while sales prices are up year-to-date over 2013

 INDIANAPOLIS – Nearly 1,500 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 2014 pended home sales rose to 1,497 over December 2013, an increase of 43 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 75 percent, raising the number of pended home sales to 35 from 20 in December 2013. Morgan and Hancock counties also experienced increases of 30.4 and 26.8 percent over December 2013, respectively. Madison, Hendricks and Marion counties also saw an uptick. Home sales declined in Hamilton, Johnson and Boone counties. The largest decrease was seen in Hamilton County where sales dipped 13.3 percent.

Year-to-date, sales in the nine-county region decreased 2.6 percent in 2014 with 28,762 homes sold compared to 29,529 homes in 2013.

Available homes for sale in the nine-county region dropped 3.3 percent in December 2014 with 9,274 homes on the market, 320 fewer than in December 2013. Seven Central Indiana counties experienced varying inventory declines with Johnson County experiencing the greatest decrease in inventory at 14.8 percent. Inventory also declined in Boone, Hancock, Hendricks, Madison, Marion and Shelby counties. Available homes for sale increased in Morgan and Hamilton counties, 2.7 and 1.8 percent respectively.

“Listing inventory continues to fall while home sales prices inch up – all positive indications that stabilization continues across Central Indiana,” said Jim Litten, president of F.C. Tucker Company. “We expect this positive movement to continue into the first half of 2015...

Central Indiana residential real estate continues to be a seller’s market

Central Indiana residential real estate continues to be a seller’s market

Tighter housing inventory leads to increased sales prices

INDIANAPOLIS – As a result of fewer homes on the market, average home prices in Central Indiana reached $176,863 in November 2014, a 6.5 percent jump compared to November 2013.

Available homes for sale in the nine-county region decreased 3.7 percent in November 2014 with 10,285 homes on the market, 395 fewer than in November 2013. Eight Central Indiana counties saw varying inventory declines with Hendricks County experiencing the greatest decline at 15.6 percent, with 756 homes for sale in November 2014 compared to 896 homes in November 2013. Boone, Hamilton, Hancock, Johnson, Madison, Marion and Shelby counties also saw decreases. In Morgan County, inventory rose 5.4 percent, with 469 homes for sale, an uptick of 24 homes.

All nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first 11 months of 2014 compared to the same time period last year. Home prices in Shelby and Boone counties increased the most, at 19.7 and 12.1 percent, respectively. In Shelby County, homes sold for an average of $120,268, while homes in Boone County averaged $281,555. Hamilton, Hancock, Hendricks, Johnson, Madison, Marion and Morgan counties also reported gains.

In November 2014, pended home sales declined 3.8 percent year to date, with eight counties experiencing a decrease. In November, Shelby County saw the largest year-to-date decrease in pended home sales which fell 15.5 percent compared to the first 11 months of 2013. Only Johnson County experienced a year-to-date increase – 0.9 percent. On a monthly basis, November 2014 pended home sales declined 2.8 percent over November 2013, a decrease of 51 homes sold.

“We expect the shrinking inventory to continue driving up prices – which will keep contributing to the seller’s market that we’ve...