The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up more than 14 percent in February

Central Indiana home sales up more than 14 percent in February

Inventory tightens by 12.5 percent; nine counties experience drop in available homes for sale

INDIANAPOLIS – More than 1,700 homes pended in February, with all but one Central Indiana county reporting increased sales compared to the same time period last year, according to statistics compiled by F.C. Tucker Company. Overall, February 2012 pended home sales rose 14.7 percent over February 2011, an increase of 222 homes sold in the nine counties that F.C. Tucker tracks. 

“Nationally, the real estate market is showing positive activity, and that movement is being mirrored here in Central Indiana,” said Jim Litten, president of F.C. Tucker Company.  “Supply and historical low interest rates have created favorable conditions for consumers looking for great value and smart investments.”

In February, Madison County saw the largest increase in pended home sales which spiked 44.6 percent, raising the number of pended home sales to 107 from 74 in in February 2011. Hancock and Johnson counties also experienced increases of 38.3 percent and 28.2...