The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up nearly 5 percent in January

Five counties experience drop in available homes for sale

INDIANAPOLIS – More than 1,700 homes pended in January, 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, January 2015 pended home sales rose 4.7 percent over January 2014, an increase of 76 homes sold in the nine counties that F.C. Tucker tracks.

In January, Shelby County saw the largest increase in pended home sales which spiked 47.8 percent, raising the number of pended home sales to 34 from 23 in January 2014. Madison and Hancock counties also experienced increases of 31.2 and 25 percent over January 2014, respectively. Sales in Hendricks County declined by 21.8 percent, a decrease of 37 homes compared to January 2014. Boone and Hamilton counties also saw decreases – 6.5 and 5.4 percent respectively. Available homes for sale in the nine-county region increased 1.4 percent in January 2015 with 9,450 homes on the market, 130 more than in January 2014. Three Central Indiana counties experienced varying inventory increases with Hamilton and Morgan counties rising by 8.4 and 8.0 percent respectively. Marion County also experienced an increase, while Hendricks County remained unchanged. Madison County experienced the greatest decrease in inventory to 616 homes from 695 homes in January 2014, a reduction of 11.4 percent. Boone, Hancock, Johnson and Shelby counties saw declines.