The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales rise 5 percent in April

Central Indiana home sales rise 5 percent in April

F.C. Tucker reports positive growth in housing sales for 12th consecutive month

INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. April 2017 pended sales climbed 5 percent compared to April 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.8 percent to $188,583.

Homebuyers remained steadfast as the number of houses for sale continued to decline, purchasing 3,302 homes in Central Indiana, an increase from 3,145 sold in April 2016. The majority of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Decatur County showed staggering growth in homes sold, a 125 percent increase in April 2017 compared to April 2016. Brown County came in second with a modest 36.4 percent increase in sales.
  • Putnam and Morgan counties’ pended sales, in contrast, decreased by 20 percent and 13.1 percent, respectively, compared to April 2016.

In keeping with the previous month’s trends, homes sold more quickly and for more money in April, signaling a strong seller’s market.

  • The average year-to-date price in the 15-county region increased 6.8 percent, now at $188,583.
  • Hamilton County again ranked highest with average home prices at $293,400. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $285,069. 
  • Two counties showed slight dips in average home prices. Jennings County’s average home price dropped 3.5 percent, while Shelby County’s average home price declined 2.9 percent.
  • Homes sold in 74 days on average in April 2017, 10 days quicker than this time last year. Johnson County...