The FC Tucker Indianapolis Real Estate Blog

Central Indiana home sales rise 6.9 percent in July

Central Indiana home sales rise 6.9 percent in July

F.C. Tucker reports continued growth in housing sales as prices maintain upward momentum

INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicated that the housing market is still not slowing down. July 2017 pended sales climbed 6.9 percent compared to July 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 5.5 percent to $196,683.

As the number of houses available for sale continued to decline, homebuyers purchased them rapidly; 2,945 homes were purchased in Central Indiana in July, an increase from 2,755 sold in July 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:

  • Hendricks County showed significant growth in homes sold, a 21 percent increase in July 2017 compared to July 2016. Morgan County followed closely behind with a 16.9 percent increase in sales.
  • Brown and Putnam counties’ pended sales, in contrast, decreased by 30 percent and 26.3 percent, respectively, compared to July 2016. 

In keeping with the previous month’s trends, homes sold more quickly and for more money in July, signaling that it’s still 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 $302,484. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $296,678.
  • Jennings County’s average home price dropped 3.1 percent and Shelby County’s dropped 0.5 percent, the only two counties in the region to dip in July.
  • Homes sold in 63 days on average January through...