The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up nearly 5 percent in March

Central Indiana home sales up nearly 5 percent in March

Inventory tightens by 12.1 percent; eight counties experience drop in available homes for sale

INDIANAPOLIS – More than 2,300 homes pended in March, 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, March 2012 pended home sales rose 4.9 percent over March 2011, an increase of 109 homes sold in the nine counties that F.C. Tucker tracks. 

In March, Madison County saw the largest increase in pended home sales which spiked 39 percent, raising the number of pended home sales to 146 from 105 in March 2011. Boone and Morgan counties also experienced increases of 31.5 and 9.7 percent over March 2011, respectively. Hancock County saw the biggest decline – 21.4 percent. Johnson and Hendricks experienced decreases as well – 16 and 11.3 percent respectively.

Available homes for sale in the nine-county region dropped 12.1 percent in March 2012 with 13,079 homes on the market, 1,793 fewer than in March 2011. Eight Central Indiana counties experienced varying inventory declines with Johnson County experiencing...