Central Indiana ends year with a 5.3 percent bump in December home sales
F.C. Tucker reports average year-to-date home prices continue to climb while inventory tightens
INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated a strong finish to 2016, with home sales up 5.2 percent for the year and December 2016 sales up 5.3 percent compared to December 2015. Likewise, the average year-to-date home price for the 15-county Central Indiana region rose 3.4 percent to $188,616.
Home buyers were active in December, despite the weather, and contributed to 1,851 homes sold in Central Indiana, with Putnam and Decatur Counties showing the largest increase in the number of homes sold among the suburban counties. In December, 8 of the 15 counties that F.C. Tucker tracks experienced an increase in sales. Specifically:
- Putnam and Decatur counties displayed significant growth in homes sold. Putnam County’s sales increased by 81.3 percent in December 2016 compared to December 2015, and Decatur County’s sales increased 75.0 percent.
- Hancock and Jennings counties’ pended sales, in contrast, decreased by 28.8 percent and 23.8 percent, respectively, compared to December 2015.
As in previous months this year, homes sold more quickly and for more money in December, signaling a strong seller’s market.
- The average year-to-date price in the 15-county region increased 3.4 percent, now at $188,616.
- Boone County’s average home price, at $290,725, remained the highest of all counties that F.C. Tucker monitors. Hamilton County’s average home prices came in a close second at $288,336.
- Consistent with November’s trend, three counties showed a slight dip in average home prices. Putnam County’s average home price dropped...