The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up nearly 17 percent year to date; up 14.2 percent for November

Central Indiana home sales up nearly 17 percent year to date;
up 14.2 percent for November

19 straight months of month-to-month improvement for existing home sales

INDIANAPOLIS – With 1,708 pended sales in November in Central Indiana, overall year-to-date home sales are up 16.9 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

The increase marks the 19th consecutive monthly increase over the previous year’s existing home sales. November 2012 pended home sales rose 14.2 percent over November 2011, an increase of 213 homes sold in the nine counties that F.C. Tucker tracks. Eight of the nine counties reported increased sales compared to November 2011.

In November, Hendricks County saw the largest increase in pended home sales which spiked 64.2 percent, raising the number of pended home sales to 174 from 106 in November 2011. Madison and Morgan counties also experienced hefty increases of 55.7 and 44.7 percent, respectively, over November 2011. Only Johnson County saw a decline, decreasing 3.6 percent from November of last year.

“As the year comes to a close, we are encouraged by the direction of the housing market,” said Jim Litten, president of F.C. Tucker Company. “If the economy continues to improve, and the fiscal cliff situation is resolved, we expect continued positive momentum in the housing market in the coming months.”

Available homes for sale in the nine-county region dropped 17.3 percent in November 2012 with 11,096 homes on the market, 2,327 fewer than in November 2011. Nine Central Indiana counties experienced varying inventory declines with Hamilton County experiencing the greatest...