 F.C. Tucker reports 0.1 percent decrease in housing sales as prices continue to rise
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that housing market activity is declining slightly. June 2018 pended sales decreased just 0.1 percent compared to June 2017 while the average year-to-date sale price for the 15-county Central Indiana region increased 8.5 percent to $213,339. The number of homes for sale continues to decrease, and last month fewer buyers purchased homes as well. 3,802 Central Indiana homes were purchased in June 2018, a small decrease from 3,807 sold in June 2017. Specifically:
Despite fewer pended sales, on average homes sold much faster and for more money in June, meaning it’s still a strong seller’s market.
Listings continue to fall but at a slightly lower rate, decreasing 9.5 percent this month. In June 2018, inventory stood at 5,991 homes, a decrease of 629 compared to June 2017.
“We’re continuing to see the effects of nationwide low inventory here in central Indiana,” said Jim Litten, CEO of F.C. Tucker Company. “Low inventory affects affordability, however we’re optimistic the market will continue to offer homes of all price ranges to buyers while also providing competitive sale prices for sellers.” Of the pended home sales in the region last month, two were priced $2,000,000 or higher; 18 were priced $1,000,000 to $1,999,999; 153 were priced $500,000 to $999,999; 520 were priced $300,000 to $499,999; 868 were priced $200,000 to $299,999; 1,663 were priced $100,000 to $199,999; and 578 were priced at $99,999 or less. Editor’s Notes:
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 F.C. Tucker reports growth in housing sales as prices maintain upward momentum
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market is on the rise once again. May 2018 pended sales increased 7.6 percent compared to May 2017 while the average year-to-date sales price for the 15-county Central Indiana region increased 8.8 percent to $209,049. As the number of houses for sale continue to decline, homebuyers purchase available homes rapidly; 4,072 Central Indiana homes were purchased in May 2018, an increase from 3,785 sold in May 2017. Specifically:
Homes continued to sell faster and for more money in May, signaling that it’s still a strong seller’s market.
Listings continue to drop, reaching a 14.5 percent decrease this month. In May 2018, inventory stood at 5,238 homes, a decrease of 888 compared to May 2017.
"Fewer active listings does translate to higher prices, however Central Indiana still offers homes at every price point. That's always been one of our market's strengths," said Jim Litten, CEO of F.C. Tucker Company. "As we head into late summer and fall, we'd love to see more homes for sales to balance out the market." Of the pended home sales in the region last month, one was priced $2,000,000 or higher; 16 were priced $1,000,000 to $1,999,999; 198 were priced $500,000 to $999,999; 683 were priced $300,000 to $499,999; 877 were priced $200,000 to $299,999; 1,722 were priced $100,000 to $199,999; and 575 were priced at $99,999 or less. Editor’s Notes:
With approximately $3.7 billion in annual sales, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees. 30 Year Fixed Interest Rates
2015-2018 2015 2016 2017 2018 January 3.625% 3.750% 4.250% 4.250% February 3.875% 3.750% 4.125% 4.500% March 3.750% 3.750% 4.125% 4.500% April 3.875% 3.750% 4.125% 4.750% May 4.000% 3.750% 4.000% 4.625% June 4.125% 3.500% 4.000% July 4.000% 3.500% 4.000% August 4.000% 3.500% 3.875% September 4.000% 3.500% 3.875% October 3.875% 3.625% 4.000% November 4.000% 4.125% 4.000% December 4.125% 4.250% 4.000% F.C. Tucker reports growth in housing sales as prices maintain upward momentum
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market is on the rise once again. April 2018 pended sales increased 4.3 percent compared to April 2017 while the average year-to-date sales price for the 15-county Central Indiana region increased 8.1 percent to $203,839. Pended sales increased slightly as the number of houses for sale continues to decline. Pended sales went from 3,729 Central Indiana homes purchased in April 2017 to 3,890 in April 2018. Specifically:
In keeping with the previous month’s trends, homes sold more quickly and for more money in April, signaling that it’s still a seller’s market.
Listings dropped 21.5 percent this month. In April 2018, inventory stood at 4,654 homes, a decrease of 1,277 compared to April 2017.
“Homes continue to leave the market faster, meaning buyers who find their dream homes need to act fast,” said Jim Litten, CEO of F.C. Tucker Company. “Sale prices are rising as a result of increased competition, but buyers can still find homes in their price range throughout the region.” Of the pended home sales in the region last month, none were priced $2,000,000 or higher; 17 were priced $1,000,000 to $1,999,999; 192 were priced $500,000 to $999,999; 627 were priced $300,000 to $499,999; 895 were priced $200,000 to $299,999; 1,589 were priced $100,000 to $199,999; and 570 were priced at $99,999 or less. Editor’s Notes:
 Central Indiana home sales jump 17.6 percent in March
After last month’s pended sales declined, housing sales and prices are now rising INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market is on the rise once again. March 2018 pended sales increased 17.6 percent compared to March 2017 while the average year-to-date sales price for the 15-county Central Indiana region increased 7.6 percent to $199,995. Despite the increasingly lower number of available homes for purchase, every county saw an increase in pended sales as homes left the market faster. Pended sales went from 3,605 Central Indiana homes purchased in March 2017 to 4,240 in March 2018. Specifically:
On average, homes sold much faster and for more money in March, signaling that it’s still a seller’s market.
Listings dropped significantly this month, reaching 28 percent fewer homes for sale. In March 2018, inventory stood at 4,346 homes, a decrease of 1,693 compared to 6,039 homes in March 2017.
“It’s peak selling season, and buyers are facing more competition as listings continue to drop lower than we’ve seen in years,” said Jim Litten, CEO of F.C. Tucker Company. “Without much new construction to add to inventory, homes that are available sell for more money than usual and much faster.” Of the pended home sales in the region last month, none were priced $2,000,000 or higher; 18 were priced $1,000,000 to $1,999,999; 180 were priced $500,000 to $999,999; 614 were priced $300,000 to $499,999; 880 were priced $200,000 to $299,999; 1,833 were priced $100,000 to $199,999; and 715 were priced at $99,999 or less. Editor’s Notes:
Sales prices continue to grow while pended sales decline for the first time in two years
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market is taking a slight dip. February 2018 pended sales decreased 0.7 percent compared to February 2017 while the average year-to-date home price for the 15-county Central Indiana region increased 5.3 percent to $193,890. As the number of homes for sale continues to dwindle, fewer buyers purchased homes for the first time in two years. Pended sales went from 2,497 Central Indiana homes purchased in February 2017 to 2,480 in February 2018, a small decrease of 17 homes. Specifically:
Despite fewer pended sales, on average homes sold much faster and for more money in February, signaling that it’s still a seller’s market.
Listings continue to drop, hitting a decrease of 22.9 percent. In February 2018, inventory stood at 5,779 homes, a decrease of 1,721 compared to 7,500 homes in February 2017.
“The continued decrease of listings hinted at an eventual decrease in pended sales in Central Indiana,” said Jim Litten, CEO of F.C. Tucker Company. “The National Association of REALTORS® reports pending home sales are decreasing around the country, but home sales should bounce back thanks to job and wage growth.” Of the pended home sales in the region last month, one was priced $2,000,000 or higher; 17 were priced $1,000,000 to $1,999,999; 97 were priced $500,000 to $999,999; 314 were priced $300,000 to $499,999; 525 were priced $200,000 to $299,999; 1,047 were priced $100,000 to $199,999; and 479 were priced at $99,999 or less. Editor’s Notes:
Central Indiana home sales grow 2.5 percent in January
F.C. Tucker reports continued growth in housing sales as prices maintain upward momentum INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market in Central Indiana continues to climb. January 2018 pended sales increased 2.5 percent compared to January 2017 while the average year-to-date home price for the 15-county Central Indiana region rose 6.3 percent to $192,290. Homebuyers quickly purchased available homes as the number of houses for sale continues to decline. The new year brought only a slight increase in homeownership as sales went from 2,109 Central Indiana homes purchased in January 2017 to 2,161 in January 2018. Specifically:
Following the previous year’s trend, on average homes sold more quickly and for more money in January, signaling that it’s still a seller’s market.
Listings dropped a remarkable 22.1 percent. In January 2018, inventory stood at 5,890 homes, a decrease of 1,668 compared to January 2017.
“The housing market remains in sellers’ favor in 2018 as prices rise and listings drop,” said Jim Litten, CEO of F.C. Tucker Company. “Despite a competitive sales environment, however, we want to reassure buyers that there are still many great housing options available at all price points.” Of the pended home sales in the region last month, one was priced $2,000,000 or higher; four were priced $1,000,000 to $1,999,999; 69 were priced $500,000 to $999,999; 249 were priced $300,000 to $499,999; 449 were priced $200,000 to $299,999; 925 were priced $100,000 to $199,999; and 464 were priced at $99,999 or less. Editor’s Notes:
F.C. Tucker reports continued growth in housing sales as prices maintain upward momentum
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market in Central Indiana continues to climb. December 2017 pended sales increased 6.9 percent compared to December 2016 while the average year-to-date home price for the 15-county Central Indiana region rose 5.8 percent to $199,605. Homebuyers quickly purchased available homes as the number of houses for sale continued to decline; 1,981 homes were purchased in Central Indiana in December, an increase from 1,854 sold in December 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically: · Hancock County showed significant growth in homes sold with a 46.2 percent increase in December 2017 compared to December 2016. Bartholomew County followed with a 34.0 percent increase in sales. · Jennings County pended sales, in contrast, decreased by 43.8 percent compared to December 2016. Consistent with the rest of the year, homes sold more quickly and for more money in December, signaling that it’s still a strong seller’s market. · All 15 counties that F.C. Tucker tracks showed an increase in average year-to-date home prices. · Hamilton County ranked highest in average home prices for the tenth consecutive month at $302,595. Boone County’s average home prices remain close behind at $299,185. · Homes sold 60 days on average between January and December 2017, 11 days faster than in the same period last year. Johnson County’s homes continue to be the fastest-selling in the market at 55 days. Listings dropped a remarkable 21.6 percent. In December 2017, inventory stood at 6,163 homes, a decrease of 1,694 compared to December 2016 and the lowest all year. · No county showed an uptick in active listings this month. Putnam County’s inventory dropped the most at 35.5 percent, representing 66 fewer listings compared to December 2016. Close behind, inventory in Jennings County dropped 32.8 percent, representing 20 fewer listings. “The housing market closed out 2017 as strong as it began, showing no signs of slowing down as we enter 2018,” said Jim Litten, CEO of F.C. Tucker Company. “Although the market still skews in favor of the seller, buyers are still able to find homes at reasonable price points.” Of the pended home sales in the region last month, nine were priced $1,000,000 to $1,999,999; 81 were priced $500,000 to $999,999; 229 were priced $300,000 to $499,999; 368 were priced $200,000 to $299,999; 853 were priced $100,000 to $199,999; and 441 were priced at $99,999 or less. # # # With approximately $3.7 billion in annual sales, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees. Central Indiana home sales grow a remarkable 10.5 percent in November
F.C. Tucker reports continued growth in housing sales as prices maintain upward momentum INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the housing market in Central Indiana continues to climb. November 2017 pended sales increased an impressive 10.5 percent compared to November 2016 while the average year-to-date home price for the 15-county Central Indiana region rose 5.9 percent to $199,302. Homebuyers quickly purchased available homes as the number of houses for sale continued to decline; 2,308 homes were purchased in Central Indiana in November, an increase from 2,088 sold in November 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:
Just as they have all year, homes sold more quickly and for more money in November, signaling that it’s still a strong seller’s market.
Listings dropped a noteworthy 21 percent. In November 2017, inventory stood at 7,259 homes, a decrease of 1,935 compared to November 2016 and the lowest all year.
“Another substantial sales increase puts the Central Indiana housing market in a good position as we approach the end of 2017,” said Jim Litten, CEO of F.C. Tucker Company. “Despite a competitive sales environment, buyers are finding homes at reasonable price points.” Of the pended home sales in the region last month, one was priced $2,000,000 or higher; five were priced $1,000,000 to $1,999,999; 75 were priced $500,000 to $999,999; 268 were priced $300,000 to $499,999; 408 were priced $200,000 to $299,999; 1,035 were priced $100,000 to $199,999; and 516 were priced at $99,999 or less. With approximately $3.7 billion in annual sales, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees.  INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicated that the housing market continues to speed up. October 2017 pended sales climbed 14.9 percent compared to October 2016, the highest increase so far this year. Meanwhile, the average year-to-date home price for the 15-county Central Indiana region rose 6 percent to $199,193.
As the number of houses available for sale continued to decline, homebuyers purchased them rapidly; 2,690 homes were purchased in Central Indiana in October, an increase from 2,341 sold in October 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:
In keeping with the previous month’s trends, homes sold more quickly and for more money in October, signaling that it’s still a strong seller’s market.
Listings dropped by 17 percent. In October 2017, inventory stood at 8,050 homes, a decrease of 1,651 compared to October 2016.
“October brought our highest sales period this year with a staggering 14.9 percent increase,” said Jim Litten, CEO of F.C. Tucker Company. “The housing market continues to offer sellers less competition and buyers a variety of price points for their new home across central Indiana.” Of the pended home sales in the region last month, one was priced $2,000,000 or higher; 10 were priced $1,000,000 to $1,999,999; 89 were priced $500,000 to $999,999; 314 were priced $300,000 to $499,999; 494 were priced $200,000 to $299,999; 1,197 were priced $100,000 to $199,999; and 585 were priced at $99,999 or less. Editor’s Notes:
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