The FC Tucker Indianapolis Real Estate Blog

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...

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...

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,...

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...

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...

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...

Central Indiana home sales stabilize in October

Central Indiana home sales stabilize in October

Inventory remains balanced; seven counties experience drop in available homes for sale

INDIANAPOLIS – More than 2,100 homes pended in October, with 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, October 2014 pended home sales rose 0.1 percent to 2,172 over October 2013, a modest increase of two homes sold in the nine counties that F.C. Tucker tracks. Year-to-date, 24,972 homes pended, a decline of 1,286 homes compared to the same time period in 2013.

In October, Morgan County saw the largest increase in pended home sales which spiked 32.4 percent, raising the number of pended home sales to 94 from 71 in October 2013. Hancock and Marion counties experienced increases of 11 percent and 6.8 percent, respectively, over October 2013. The largest decrease in pended sales occurred in Boone County, down 18.7 percent. Hamilton, Hendricks, Johnson, Madison and Shelby counties also experienced decreases.

Available homes for sale in the nine-county region dropped 0.4 percent in October 2014 with 11,366 homes on the market, 44 fewer than in October 2013. Seven Central Indiana counties experienced varying inventory declines with Hendricks and Johnson counties experiencing the greatest decrease in inventory at 10 percent and 8.7 percent. Boone, Hancock, Madison, Morgan and Shelby counties also saw declines. Available homes for sale increased in Hamilton and Marion counties at 6.5 and 1.6 percent.

Overall, sales prices for the nine-county Central Indiana area increased by 6.5 percent. Tucker’s data indicates that nine counties experienced higher home sales prices than in October 2013. Year-to-date, Shelby County led the way with a 21.2 percent increase, followed by Boone and Johnson counties with 11.4 and 7.6 percent increases respectively. The average year-to-date sales price for...

Central Indiana home sales up 1 percent in September

Market Watch

Central Indiana home sales up 1 percent in September

Inventory remains stable; six counties experience drop in available homes for sale

INDIANAPOLIS – More than 2,000 homes pended in September, with five Central Indiana counties reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, September 2014 pended home sales rose 1.1 percent to 2,203 over September 2013, an increase of 25 homes sold in the nine counties that F.C. Tucker tracks. Year-to-date, 22,527 homes pended, a decline of 1,562 homes compared to the same time period in 2013.

In September, Shelby County saw the largest increase in pended home sales which spiked 41.2 percent, raising the number of pended home sales to 48 from 34 in September 2013. Madison and Boone counties experienced increases of 18.2 percent and 6 percent, respectively, over September 2013. Pended home sales also rose in Marion and Morgan counties. The largest decrease in pended sales occurred in Johnson County, down 9 percent. Hamilton, Hancock and Hendricks counties also experienced decreases.

Available homes for sale in the nine-county region dropped 0.1 percent in September 2014 with 11,979 homes on the market, 16 fewer than in September 2013. Six Central Indiana counties experienced varying inventory declines with Shelby and Hendricks counties experiencing the greatest decrease in inventory at 15 percent and 7.3 percent. Boone, Hancock, Johnson and Madison counties also saw declines. Available homes for sale increased in Hamilton, Marion and Morgan counties. Hamilton County saw the largest increase at 4.5 percent.   

“As we move into the final quarter of the year, sales appear healthy,” said Jim Litten, president of F.C. Tucker Company. “Though sales will likely slow as we settle into the colder months, we believe the Central Indiana housing market will continue to...

Central Indiana home prices up nearly 7 percent year to date in August-2014

Central Indiana home prices up nearly 7 percent year to date

Inventory rises by 1.7 percent; five counties show increase in available homes for sale.

INDIANAPOLIS – With average home prices reaching $176,835 in August 2014, home sales prices are up 6.7 percent compared to August 2013.

Eight of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first eight months of 2014 compared to the same time period last year. Shelby and Boone counties led the way with 19.1 and 10.5 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $118,256, while homes in Boone County averaged $283,140. Hamilton, Hancock, Hendricks, Johnson, Marion and Morgan counties also reported gains. Madison County experienced a decrease of 0.9 percent, declining to $84,569.

In August 2014, pended home sales declined 8.8 percent year to date, with nine counties experiencing a decrease. In August, Shelby County saw the largest year-to-date decrease in pended home sales which fell 17.7 percent compared to the first eight months of 2013.  On a monthly basis, August 2014 pended home sales declined 9.5 percent over August 2013, a decrease of 250 homes sold.

“This year’s sales are healthy although they appear sluggish compared to last year, which was the fourth best year in Indianapolis real estate history,” said Jim Litten, president of F.C. Tucker Company. “Even as sales typically slow during autumn and winter months, we believe the Central Indiana housing market will remain strong on balance.”

As pended sales declined, the number of homes for sale increased. Available homes for sale in the nine-county region rose 1.7 percent in August 2014 with 12,169 homes on the market, 204 more than in August 2013. Five Central Indiana counties saw varying inventory increases with Hamilton County experiencing the greatest uptick at 6.3 percent...

Central Indiana home prices up nearly 7 percent year to date

Central Indiana home prices up nearly 7 percent year to date

Inventory rises by 3.9 percent; four counties show increase in available homes for sale

INDIANAPOLIS – With average home prices reaching $175,566 in July 2014, home sales prices are up 6.5 percent compared to July 2013.

Eight of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first seven months of 2014 compared to the same time period last year. Shelby and Boone counties led the way with 18.4 and 11 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $118,520, while homes in Boone County averaged $286,324. Hamilton, Hancock, Hendricks, Johnson, Marion and Morgan counties also reported gains. Madison County experienced a decrease of 4.7 percent, declining to $82,603.

In July 2014, pended home sales declined 10.7 percent year to date, with nine counties experiencing a decrease. In July, Shelby County saw the largest year-to-date decrease in pended home sales which fell 17.9 percent compared to the first seven months of 2013.  On a monthly basis, July 2014 pended home sales declined 13.8 percent over July 2013, a decrease of 375 homes sold.

“Last year’s sales were historic – the fourth best year in Indianapolis real estate history – as the market continued its recovery from the economic downturn,” said Jim Litten, president of F.C. Tucker Company. “Though this year’s sales appear less dramatic, they are still solid and signal that progress will likely be more subtle moving forward.”

As pended sales declined, the number of homes for sale increased. Available homes for sale in the nine-county region rose 3.9 percent in July 2014 with 12,371 homes on the market, 459 more than in July 2013. Four Central Indiana counties saw varying inventory increases with Johnson County experiencing the greatest uptick at 11.2 percent to 1,061 from...

Central Indiana home prices up more than 7 percent

Central Indiana home prices up more than 7 percent year to date

Inventory rises by 2.5 percent; four counties show increase in available homes for sale

INDIANAPOLIS – With average home prices reaching $173,393 in June 2014, home sales prices are up 7.4 percent compared to June 2013.

Seven of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first six months of 2014 compared to the same time period last year. Shelby and Boone counties led the way with 21.3 and 10 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $118,171, while homes in Boone County averaged $282,310. Hamilton, Hancock, Hendricks, Johnson and Marion counties also reported gains. Madison and Morgan counties experienced a decrease of 7.9 and 2 percent respectively.

In June 2014, pended home sales declined 12.5 percent year to date, with nine counties experiencing a decrease. In June, Shelby County saw the largest year-to-date decrease in pended home sales which fell 24.3 percent compared to the first six months of 2013.  On a monthly basis, June 2014 pended home sales declined 14.9 percent over June 2013, a decrease of 445 homes sold.

“When comparing this year’s sales numbers to last year’s, it’s important to consider that 2013 was the fourth best year in Indianapolis real estate history,” said Jim Litten, president of F.C. Tucker Company. “In 2013, we were still recovering from the previous cycle of the housing downturn, so last year’s spike in sales was tremendous. I believe we’re likely approaching a ‘new normal’ where sales growth will be less dramatic moving forward.”

As pended sales declined, the number of homes for sale increased. Available homes for sale in the nine-county region rose by 2.5 percent in June 2014 with 12,000 homes on the market, 298 more than in June 2013. Four Central Indiana counties...

Central Indiana home prices up 7 percent year to date

Central Indiana home prices up 7 percent year to date

Inventory rises by 0.4 percent; five counties show increase in available homes for sale

INDIANAPOLIS – With average home prices reaching $168,669 in May 2014, home sales prices are up 7 percent compared to May 2013.

Seven of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first five months of 2014 compared to the same time period last year. Shelby and Boone counties led the way with 24.2 and 9.2 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $119,943, while homes in Boone County averaged $276,054. Hamilton, Hancock, Hendricks, Johnson and Marion counties also reported gains. Madison and Morgan counties experienced a decrease of 7 and 2.8 percent respectively.

In May 2014, pended home sales declined 14 percent year to date, with nine counties experiencing a decrease. In May, Shelby County saw the largest year-to-date decrease in pended home sales which fell 27.7 percent compared to the first five months of 2013.  On a monthly basis, May 2014 pended home sales declined 14.6 percent over May 2013, a decrease of 459 homes sold.

“Though sales have been slow to grow this year, we’re still optimistic,” said Jim Litten, president of F.C. Tucker Company. “Affordability and low interest rates have been favorable for buyers looking to make smart purchases, so we hope to see more positive momentum in the coming months.”

As pended sales declined, the number of homes for sale increased. Available homes for sale in the nine-county region rose by a modest 0.4 percent in May 2014 with 11,414 homes on the market, 48 more than in May 2013. Five Central Indiana counties saw varying inventory increases with Johnson County experiencing the greatest uptick at 10.4 percent to 978 from 886 homes in May 2013. Boone, Hamilton, Hancock, and Shelby counties also saw increases. In...

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

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

Inventory tightens by 1.4 percent; four counties show drop in available homes for sale

INDIANAPOLIS – With average home prices reaching $165,238 in April 2014, home sales prices are up 8.2 percent compared to April 2013.

Seven of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first four months of 2014 compared to the same time period last year. Shelby and Hamilton counties led the way with 24 and 10.4 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $112,294, while homes in Hamilton County averaged $260,670. Boone, Hancock, Hendricks, Johnson and Marion counties also reported gains. Madison and Morgan counties experienced a decrease of 7.5 and 2.0 percent respectively.

In April 2014, pended home sales declined 17.3 percent year to date, with all nine counties experiencing a decrease. In April, Shelby County saw the largest year-to-date decrease in pended home sales which fell 39.4 percent compared to the first four months of 2013.  On a monthly basis, April 2014 pended home sales declined 19.9 percent over April 2013, a decrease of 628 homes sold

“While we would have expected to see sales increase, given the low interest rates, you can’t directly compare last month’s pended home sales against April 2013. It’s an apples-to-oranges comparison because April 2013’s sales were the biggest we’ve seen,” said Jim Litten, president of F.C. Tucker Company. “Still, we’re encouraged that April 2014’s pended sales marked the fourth month-to-month improvement, an indication the market is moving in the right direction.”

Despite the drop in pended sales, fewer homes are on the market compared to April 2013. Available homes for sale in the nine-county region dropped 1.4 percent in April 2014 with 10,924 homes on the market, 160...