Average Sales Price, Indiana Sales, & Homes on the Market Up, Up, Up - Market Watch May 2019
Central Indiana home sales increase 3.0 percent in April
F.C. Tucker continues to report higher sale prices as home sales increase once again
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate more homes sold and increased inventory in central Indiana. April 2019 pended sales increased 3.0 percent compared to April 2018 while the average year-to-date sale price for the 15-county Central Indiana region increased 5.2 percent to $214,343.
Pended sales increased slightly last month while prices continue to rise. In April 2019, 4,006 central Indiana homes were purchased, up from 3,890 sold in April 2018. Specifically:
In keeping with the previous month’s trends, homes sold faster and for more money in April, signaling that it’s still a seller’s market.
Inventory increased 9.5 percent last month, with 5,098 homes listed in April 2019. That represents 444 more homes available for sale than in April 2018.
“Spring is a traditionally popular sales season, and with a few more homes available for sale, there are plenty of opportunities to finally ‘make your move,’” said Jim Litten, CEO and owner of the F.C. Tucker Company. “Indiana real estate continues to prove it’s a good value at any price point.”
Of the pended home sales in the region last month, three were priced $2,000,000 or higher; 16 were priced $1,000,000 to $1,999,999; 221 were priced $500,000 to $999,999; 678 were priced $300,000 to $499,999; 969 were priced $200,000 to $299,999; 1,587 were priced $100,000 to $199,999; and 532 were priced at $99,999 or less.
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