The FC Tucker Indianapolis Real Estate Blog

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...