MarketWatch

Central Indiana home sales rise 6.9 percent in July

Central Indiana home sales rise 6.9 percent in July

F.C. Tucker reports continued growth in housing sales as prices maintain upward momentum

INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicated that the housing market is still not slowing down. July 2017 pended sales climbed 6.9 percent compared to July 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 5.5 percent to $196,683.

As the number of houses available for sale continued to decline, homebuyers purchased them rapidly; 2,945 homes were purchased in Central Indiana in July, an increase from 2,755 sold in July 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Hendricks County showed significant growth in homes sold, a 21 percent increase in July 2017 compared to July 2016. Morgan County followed closely behind with a 16.9 percent increase in sales.
  • Brown and Putnam counties’ pended sales, in contrast, decreased by 30 percent and 26.3 percent, respectively, compared to July 2016. 

In keeping with the previous month’s trends, homes sold more quickly and for more money in July, signaling that it’s still a strong seller’s market.

  • Thirteen of the 15 counties that F.C. Tucker tracks showed an uptick in average year-to-date home prices.  
  • Hamilton County again ranked highest with average home prices at $302,484. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $296,678.
  • Jennings County’s average home price dropped 3.1 percent and Shelby County’s dropped 0.5 percent, the only two counties in the region to dip in July.
  • Homes sold in 63 days on average January through...

Central Indiana home sales rise staggering 11.8 percent in June

Central Indiana home sales rise staggering 11.8 percent in June

F.C. Tucker reports continued growth in housing sales as prices increase another month

INDIANAPOLIS – Halfway through the year, monthly real estate stats from F.C. Tucker Company indicated that the housing market is still not slowing down. June 2017 pended sales climbed 11.8 percent compared to June 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.1 percent to $196,627.

As the number of houses for sale continued to decline, homebuyers purchased available homes rapidly; 3,428 homes were purchased in Central Indiana in June, an increase from 3,066 sold in June 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Bartholomew County showed significant growth in homes sold, a 30.9 percent increase in June 2017 compared to June 2016. Madison County followed close behind with a 28.1 percent increase in sales.
  • Montgomery and Hancock counties’ pended sales, in contrast, decreased by 22.4 percent and 17.7 percent, respectively, compared to June 2016. 

In keeping with the previous month’s trends, homes sold more quickly and for more money in June, signaling a strong seller’s market.

  • Thirteen of the 15 counties that F.C. Tucker tracks showed an uptick in average year-to-date home prices.  
  • Hamilton County again ranked highest with average home prices at $300,840. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $296,648. 
  • Jennings County’s average home price dropped 7 percent and Shelby County’s dropped 2.2 percent, the only two counties in the region to dip in June.
  • Homes sold in 65 days...

Central Indiana home sales rise 6.2 percent in May

Central Indiana home sales rise 6.2 percent in May

F.C. Tucker reports continued growth in housing sales as prices increase another month

INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicated that the housing market is not slowing down. May 2017 pended sales climbed 6.2 percent compared to May 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.6 percent to $192,206.

Homebuyers continue to purchase homes at a rapid rate as the number of houses for sale continued to decline, purchasing 3,398 homes in Central Indiana, an increase from 3,199 sold in May 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Shelby County showed significant growth in homes sold, a 29.5 percent increase in May 2017 compared to May 2016. Decatur County followed close behind with a 20 percent increase in sales.
  • Montgomery and Boone counties’ pended sales, in contrast, decreased by 38.1 percent and 23.1 percent, respectively, compared to May 2016.

In keeping with the previous month’s trends, homes sold more quickly and for more money in May, signaling a strong seller’s market.

  • Fourteen of the 15 counties that F.C. Tucker tracks showed an uptick in average year-to-date home prices.  
  • Hamilton County again ranked highest with average home prices at $297,681. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $285,244. 
  • Jennings County’s average home price dropped 5.9 percent, the only county in the region to dip in May.
  • Homes sold in 69 days on average January through May 2017, 11 days quicker than the same time period as last year. Johnson and Hendricks counties’ homes became...

Central Indiana home sales rise 5 percent in April

Central Indiana home sales rise 5 percent in April

F.C. Tucker reports positive growth in housing sales for 12th consecutive month

INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. April 2017 pended sales climbed 5 percent compared to April 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.8 percent to $188,583.

Homebuyers remained steadfast as the number of houses for sale continued to decline, purchasing 3,302 homes in Central Indiana, an increase from 3,145 sold in April 2016. The majority of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Decatur County showed staggering growth in homes sold, a 125 percent increase in April 2017 compared to April 2016. Brown County came in second with a modest 36.4 percent increase in sales.
  • Putnam and Morgan counties’ pended sales, in contrast, decreased by 20 percent and 13.1 percent, respectively, compared to April 2016.

In keeping with the previous month’s trends, homes sold more quickly and for more money in April, signaling a strong seller’s market.

  • The average year-to-date price in the 15-county region increased 6.8 percent, now at $188,583.
  • Hamilton County again ranked highest with average home prices at $293,400. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $285,069. 
  • Two counties showed slight dips in average home prices. Jennings County’s average home price dropped 3.5 percent, while Shelby County’s average home price declined 2.9 percent.
  • Homes sold in 74 days on average in April 2017, 10 days quicker than this time last year. Johnson County homes became the...

Central Indiana home sales increase 5 percent in March

Central Indiana home sales increase 5 percent in March

F.C. Tucker reports indicate positive growth in housing sales for 2017

INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. March 2017 pended sales were up 5 percent compared to March 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 7 percent to $185,819.

Homebuyers remained steadfast as the number of houses for sale continued to decline, purchasing 3,177 homes in Central Indiana, an increase from 3,027 sold in March 2016. The majority of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Boone and Hendricks counties showed moderate growth in homes sold. Boone County’s sales increased by 15.1 percent in March 2017 compared to March 2016, and Hendricks County’s sales increased 12.8 percent.
  • Brown and Shelby counties’ pended sales, in contrast, decreased by 23.1 percent and 19.3 percent, respectively, compared to March 2016.

In keeping with the previous month’s trends, homes sold more quickly and for more money in March, signaling a strong seller’s market.

  • The average year-to-date price in the 15-county region increased 7 percent, now at $185,819.
  • Hamilton County took back the rank of highest average home price at $291,881. Boone County came in second at an average price of $282,434. 
  • Two counties showed dips in average home prices for a second month in a row. Brown County’s average home price dropped 8.1 percent, while Shelby County’s average home price declined 7.1 percent.
  • Homes sold in 77 days on average in the first quarter of 2017, 11 days quicker than this time last year. Jennings County homes...

Central Indiana home sales increase 7.4 percent in February

Central Indiana home sales increase 7.4 percent in February

F.C. Tucker reports average home prices continue to climb, time on market decreases

INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. February 2017 pended sales were up 7.4 percent compared to February 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 9.5 percent to $184,170.

Despite a dwindling number of houses for sale, home buyers were undaunted, purchasing 2,497 homes in Central Indiana last month, an increase from 2,324 homes sold in February 2016. The majority of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Putnam and Jennings counties showed significant growth in homes sold. Putnam County’s sales increased by 63.6 percent in February 2017 compared to February 2016, and Jennings County’s sales increased 57.1 percent.
  • Decatur and Madison counties’ pended sales, in contrast, decreased by 21.7 percent and 9.6 percent, respectively, compared to February 2016.

In keeping with the previous month’s trends, homes sold more quickly and for more money in February, signaling a strong seller’s market.

  • The average year-to-date price in the 15-county region increased 9.5 percent, now at $184,170.
  • Boone County took back the rank of highest average home price at $296,912. Hamilton County came in a close second, however, at an average price of $290,765.  
  • Worth noting, two counties showed dips in average home prices. Brown County’s average home price dropped 15.7 percent, while Shelby County’s average home price declined 5.9 percent.
  • Homes sold in 78 days on average, the same as last month. Jennings County homes...

January brings an 11.7 percent spike in Central Indiana home sales

January brings an 11.7 percent spike in Central Indiana home sales

F.C. Tucker reports average home prices continue to climb, time on market decreases

INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. January 2017 pended sales were up 11.7 percent compared to January 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 7.1 percent to $180,866.

With the New Year came new resolutions of home ownership which contributed to 2,109 homes sold in Central Indiana, an increase from 1,851 homes sold in December. Hendricks and Hamilton counties showed the largest increase in the number of homes sold among suburban counties. In January, 10 of the 15 counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Hendricks and Hamilton counties displayed significant growth in homes sold. Hendricks County’s sales increased by 40.3 percent in January 2017 compared to January 2016, and Hamilton County’s sales increased 28.5 percent.
  • Putnam and Montgomery counties’ pended sales, in contrast, decreased by 47.5 percent and 36.8 percent, respectively, compared to January 2016.

In keeping with the previous month’s trends, homes sold more quickly and for more money in January, signaling a strong seller’s market.

  • The average year-to-date price in the 15-county region increased 7.1 percent, now at $180,866.
  • Hamilton County’s average home price, at $276,256, surpassed Boone County for the first time in nine months. Boone County came in a close second, however, at an average price of $274,896.
  • Worth noting, three counties showed significant dips in average home prices. Decatur County’s average home price dropped a staggering 30.9 percent, while...

Central Indiana ends year with a 5.3 percent bump in December home sales

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 6.6 percent, while...

F.C. Tucker reports 7.6 percent increase in November home sales

F.C. Tucker reports 7.6 percent increase in November home sales

Positive momentum continues through the final months of 2016

INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats show pended home sales jumped 7.6 percent last month compared to November 2015. The 15-county Central Indiana region experienced sustained growth, with year-to-date pended home sales up 5.7 percent and average home prices climbing 3.0 percent to $188,072. 

Month to date, more than 2,000 homes sold in Central Indiana, with Hamilton County showing the largest increase in the number of homes sold among the suburban counties. In November, home sales improved in 13 of the 15 counties that F.C. Tucker tracks. Specifically:

  • Boone, Jennings and Decatur counties displayed significant growth in homes sold. Boone County’s sales increased by 43.4 percent in November 2016 compared to November 2015; Jennings County’s sales increased 33.3 percent; and Decatur County saw a 27.8 percent increase.
  • Brown and Putnam counties’ pended sales, in contrast, decreased by 57.1 percent and 36.2 percent, respectively, compared to November 2015. 

Homes sold more quickly and for more money in November, both signs that the seller’s market continues.

  • The average year-to-date price in the 15-county region increased 3.0 percent, now at $188,072.
  • Boone County’s average home price, at $291,395, remained the highest of all counties that F.C. Tucker monitors. Zionsville, in Boone County, had the highest average sales price of all cities in the region. Its year-to-date average of $403,487 was 8.2 percent higher than November 2015.  
  • Only three counties showed a slight dip in average home prices: Putnam County’s average home price dropped 6.7 percent, while Bartholomew and Jennings...

Central Indiana experiences sixth straight month of increased home sales

Central Indiana experiences sixth straight month of increased home sales

Pended sales and home prices continue to climb; inventory remains low 

INDIANAPOLIS – The seller’s market continues in Central Indiana, as the number of homes available for sale and mortgage rates remain low, according to F.C. Tucker Company’s data for the 15-county region. October pended sales ticked up 4.4 percent compared to October 2015, while the average year-to-date home price also gained ground in October, increasing 2.9 percent for an average price of $187,867. The majority of October active listings included homes less than $200,000, although homes in the $200,000 to $300,000 range showed increased sales activity.

As autumn winds down, the residential real estate market continued to show signs of life. October marked the sixth straight month of increased home sales, a trend that experts don’t expect to end soon. Twelve of the 15 counties that F.C. Tucker tracks showed an improvement in sales. Specifically:

  • Madison, Decatur and Shelby counties displayed significant growth in the number of homes sold. Madison County’s sales increased by 24.3 percent in October 2016 compared to October 2015; Decatur County’s sales increased 21.7 percent; and Shelby County saw a 20.5 percent increase. Counties with the greatest number of home sales overall included Hamilton and Marion. Marion County sold 890 homes, on par with October 2015, while Hamilton County sold 441 homes, an increase of 46 homes compared to the same time last year.     
  • Brown and Hancock counties’ pended sales, on the other hand, decreased close to 30 percent compared to October 2015.

Home prices inched up in October, indicating a steady improvement for the year:

  • The average year-to-date price in the 15-county region ticked up 2.9 percent, now at $187,867....

Central Indiana home sales grew steadily in September

Central Indiana home sales grew steadily in September

Pended sales and home prices are up; inventory remains tight

INDIANAPOLIS – Central Indiana’s residential real estate market showed steady growth in September, according to statistics compiled by F.C. Tucker Company. Compared to September 2015, overall pended sales rose 6.1 percent despite homebuyers having 2,118 fewer homes on the market from which to choose. The average sales price increased 2.5 percent to $188,145. Statistics for the 15-county region indicate 2016 pended home sales should finish stronger than last year.

The residential housing narrative indicates a range of spikes and dips in home sales, but the majority showed an overall improvement. Specifically:

  • Marion and Hamilton counties showed significant growth in the number of homes sold. Marion County had 121 more sales in September 2016 than September 2015, representing a 12.4 percent increase. Hamilton County had 69 more pended sales, a 17.2 percent increase. Others with increased sales included Boone, Hancock, Jennings, Madison, Montgomery and Shelby counties.
  • Johnson and Morgan counties’ pended sales, on the other hand, decreased more than 20 percent compared to September 2015.

Meanwhile, home prices inched up slightly and homes sold more quickly:

  • The average year-to-date price in the 15-county region ticked up 2.5 percent, now at $188,145.
  • Boone County’s average price still remains the highest of all counties that F.C. Tucker tracks. It rose more than $20,000, or 7.5 percent, to $291,625 in September.
  • Shelby County’s average sales price dropped more than $56,600, or 30.6 percent, compared to this time last year.
  • Homes sold in six fewer days on average. Johnson County homes sold in 64 days, or 11 fewer days compared to 2015. Homes in Hamilton County sold...

August was busiest month of 2016 for central Indiana’s housing market

Market Update

August was busiest month of 2016 for central Indiana’s housing market

Monthly sales up 15 percent compared to August 2015

INDIANAPOLIS – According to statistics compiled by F.C. Tucker Company, August was the busiest month in 2016 for central Indiana’s real estate market so far. Compared to this time last year, pended sales grew more than 15 percent in August, and eight of the 14 counties Tucker tracks recorded double-digit percentage growth in sales. This growth helped raise overall year-to-date sales, which are now 6.3 percent ahead of this time last year.

Approximately 2,950 homes pended in August 2016. Boone, Johnson, Morgan and Putnam counties contributed to the activity, with pended sales in these counties rising more than 20 percent each. Additionally, Marion County home sales increased 18.5 percent last month compared to August 2015. Brown and Decatur were the only counties to show a nominal decline in pended sales.

As sales grew, available inventory continued to follow its pattern of decline. Compared to August 2015, 2,485 fewer homes were listed for sale, an overall decrease of 19.9 percent. Bartholomew County was the only county to note a positive change in listings, up 74 homes at the end of August 2016. Hamilton County experienced the least amount of declining inventory – down 9.7 percent, representing roughly 200 fewer homes available compared to this time last year.

Last month’s decline in inventory did not spur a significant hike in home prices. Year-to-date prices rose 1.6 percent in August to an average of $187,372. Boone and Hamilton counties remain well above that average at approximately $288,000 and $284,500, respectively. Boone, Brown, Hancock, Johnson and Morgan counties saw an approximate $9,000 to $12,000 jump in prices, while Putnam and Bartholomew Counties were the only regions where sales prices declined 3.5 percent and 1.5 percent, respectively....

Central Indiana home sales up 3 percent year to date

Central Indiana home sales up 3 percent year to date

Inventory tightens by 16.5 percent

INDIANAPOLIS – With 2,729 pended sales in July in central Indiana, overall year-to-date home sales are up 3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

In the 14-county region Tucker tracks, approximately 10,000 homes were on the market last month, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Every county except Bartholomew saw declines in this category. Notably, Marion County’s inventory dropped more than 20 percent to approximately 4,171 active listings. The last time Marion County’s July inventory fell below 5,000 was in 2013.

Overall, year-to-date sales prices for the 14-county central Indiana area increased 1.3 percent to $186,696. Decatur County led the way with a 10.3 percent increase, but its average price of $129,991 was far from Boone County’s commanding average price of $290,019. Johnson County’s home prices climbed 8.8 percent, to $189,086, with more than 1,700 homes closed year to date. Similarly, Morgan County’s home prices ticked up 7.5 percent to an average price of $164,229, while also closing on nearly 10 percent more homes in 2016. Bartholomew and Putnam counties were the only counties to experience a slight drop in average sales prices.

“We’re seeing the effects of low inventory throughout central Indiana,” said Donna Kreps, president of residential real estate services at F.C. Tucker Company.  “Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall."

On a monthly basis, July 2016 pended home sales fell 3.5 percent compared to July 2015, a decrease of 99 homes sold in the 14-county region....

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 $200,000 to $299,999; 1,346 were priced $100,000 to $199,999...

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 below four months, we know it’s a seller’s market.”...

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 price is increasing is strong, but it’s also showing signs of...

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 have as much competition, as buyer options at all price levels –...

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 sale price, approximately 8.3 percent, now at $173,207.

“The...

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 2016, 1,743 homes pended, down from 1,926 in January 2015. Boone and Hamilton...

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, as reported by the National Association of Realtors, which indicates...