The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up 16.2 percent year to date

Central Indiana home sales up 16.2 percent year to date

Inventory tightens by 6.7 percent; eight counties experience drop in available homes for sale

INDIANAPOLIS – With 1,941 pended sales in October in Central Indiana, overall year-to-date home sales are up 16.2 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, October 2013 pended home sales fell 11 percent compared to October 2012, a decrease of 240 homes sold in the nine counties that F.C. Tucker tracks. Three counties reported increased sales compared to October 2012.

“Though a decrease in home sales is typical as we move deeper into the year, consumers may also be hesitant to jump in as they cautiously watch the potential for increasing interest rates,” said Jim Litten, president of F.C. Tucker Company. “Still, we expect prices to continue rising due to the smaller supply of homes across Central Indiana – a positive sign of market stabilization.”

In October, Madison County saw the largest increase in pended home sales which rose 9.3 percent, raising the number of pended home sales to 141 from 129 in October 2012. Johnson and Boone counties also experienced increases of 5.7 and 2.7 percent over October 2012, respectively. Morgan and Hamilton counties saw the biggest declines – 23.3 and 21.7 percent, respectively. Hancock, Hendricks, Marion and Shelby also experienced declines.

Available homes for sale in the nine-county region dropped 6.7 percent in October 2013 with 11,410 homes on the market, 822 fewer than in October 2012. Eight Central Indiana counties experienced varying inventory declines with Hamilton County experiencing the greatest decrease in inventory at 15.1 percent. Only Johnson County saw an increase in inventory, up 8.1 percent.

Overall, sales prices for the nine-county Central Indiana area...

2013 Veterans Day Free Food

Monday is Veterans Day, and as a way to show appreciation for the service of our veterans and active duty personnel, many restaurants are offering free food or significant discounts on purchases. Please show your appreciation by sharing this list with any service members you know! (please note the dates because some are starting their offer this weekend or extending it beyond Monday!)

Applebee's – Nov 11th: Free entree from a limited menu. Menu and details www.applebees.com/veterans-day-menu

Bar Louie - Nov 10th-11th: Free lunch or dinner www.barlouieamerica.com

Bob Evans – Nov 11th: Free all-you-can-eat pancakes www.bobevans.com

Boston Market - Nov 11th: Free whole chicken with purchase of a family meal www.facebook.com/BostonMarket

California Pizza Kitchen - Nov 11th: Veterans get a free pizza at participating locations www.cpk.com

Carrabba’s – Nov 9th-11th: Free appetizer. Confirm your location is participating www.carrabbas.com/Locator

Champps Americana – Nov 11th: Free burger and fries champps.com/Events/VeteransDay2013.aspx

Cheeseburger in Paradise – Nov 11th: Free All-American Burger and fries with the purchase of a drink www.cheeseburgerinparadise.com

Chili’s – Nov 11th: Free meal from special menu ...