The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up nearly 8 percent in December

Central Indiana home sales up nearly 8 percent in December

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

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

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

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