The FC Tucker Indianapolis Real Estate Blog

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...