The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up 13.2 percent year to date; up 7 percent for May

Central Indiana home sales up 13.2 percent year to date;
up 7 percent for May

Inventory tightens by 11.4 percent; nine counties show drop in available homes for sale

INDIANAPOLIS – With more than 2,300 pended sales in May in Central Indiana, overall year-to-date home sales are up 13.2 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, May 2012 pended home sales rose 7 percent over May 2011, an increase of 153 homes sold in the nine counties that F.C. Tucker tracks. Eight of the nine counties reported increased sales compared to May 2011. 

“The market continues to show signs of improvement across Central Indiana,” said Jim Litten, president of F.C. Tucker Company.  “Inventory is gradually shrinking while sales and prices continue to increase – all signs of market stabilization.”

In May, Madison County saw the largest increase in pended home sales which spiked 48.5 percent, raising the number of pended home sales to 150 from 101 in May 2011. Hancock...