The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales up 13.4 percent year to date; up 4.9 percent for June

Central Indiana home sales up 13.4 percent year to date;
up 4.9 percent for June

Inventory tightens by 13.3 percent; nine counties show drop in available homes for sale

INDIANAPOLIS – With more than 2,178 pended sales in June in Central Indiana, overall year-to-date home sales are up 13.4 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, June 2012 pended home sales rose 4.9 percent over June 2011, an increase of 101 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to June 2011. 

“The first half of the year has finished strong,” said Jim Litten, president of F.C. Tucker Company. “Increases in home sales and home prices, and decreases in inventory are positive signs that the Central Indiana real estate recovery is on solid ground.”

In June, Shelby County saw the largest increase in pended home sales which spiked 37.9 percent, raising the number of pended home sales to 40 from 29 in June 2011. Hancock and Johnson counties also experienced increases of 21.9 and 12.1 percent over June 2011, respectively. Morgan County saw the biggest decline, decreasing 22.4 percent from June of last year. Boone and Hendricks counties also experienced decreases of 16.5 and 13.9 percent respectively.

Available homes for sale in the nine-county region dropped 13.3 percent in June 2012 with 13,780 homes on the market, 2,117 fewer than in June 2011. All...