The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up 12 percent year to date; up more than 3 percent for April

Central Indiana home sales up 12 percent year to date; up more than 3 percent for April

Inventory tightens by 11.3 percent; nine counties experience drop in available homes for sale

INDIANAPOLIS – With more than 2,200 homes showing pended sales in April in Central Indiana, overall year-to-date pended home sales are up 12 percent over this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, April 2012 pended home sales rose 3.3 percent over April 2011, an increase of 72 homes sold in the nine counties that F.C. Tucker tracks. Five of the nine counties reported increased sales compared to April 2011. 

“The housing market continues to show signs of stabilization,” said Jim Litten, president of F.C. Tucker Company.  “Home sales and prices are gradually increasing while inventory is decreasing – all signs of a strengthening market.”

In April, Madison County saw the largest increase in pended home sales which spiked 32 percent, raising the...