The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales rise staggering 11.8 percent in June

Central Indiana home sales rise staggering 11.8 percent in June

F.C. Tucker reports continued growth in housing sales as prices increase another month

INDIANAPOLIS – Halfway through the year, monthly real estate stats from F.C. Tucker Company indicated that the housing market is still not slowing down. June 2017 pended sales climbed 11.8 percent compared to June 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.1 percent to $196,627.

As the number of houses for sale continued to decline, homebuyers purchased available homes rapidly; 3,428 homes were purchased in Central Indiana in June, an increase from 3,066 sold in June 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Bartholomew County showed significant growth in homes sold, a 30.9 percent increase in June 2017 compared to June 2016. Madison County followed close behind with a 28.1 percent increase in sales.
  • Montgomery and Hancock counties’ pended sales, in contrast, decreased by 22.4 percent and 17.7 percent, respectively, compared to June 2016. 

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

  • Thirteen of the 15 counties that F.C. Tucker tracks showed an uptick in average year-to-date home prices.  
  • Hamilton County again ranked highest with average home prices at $300,840. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $296,648. 
  • Jennings County’s average home price dropped 7 percent and Shelby County’s dropped 2.2 percent, the only two counties in the region to dip in June.
  • Homes sold...