Central Indiana Home Buyers Benefit from May Residential Real Estate Market Inventory Increase - Market Watch May 2022
INDIANAPOLIS – May 2022 was a favorable month for central Indiana home buyers with all 16 central Indiana counties experiencing significant increases in available housing inventory. Monthly real estate statistics from F.C. Tucker Company revealed that May 2022 pended home sales decreased 2.2 percent compared to May 2021, while year-to-date home sale prices increased 13.4 percent. Central Indiana housing inventory increased 35.6 percent compared to this time last year.
“Although home prices continued to rise in May, we saw a substantial increase in housing inventory compared to this time last year,” said Jim Litten, CEO of F.C. Tucker. “As interest rates continue to creep during the summer months, I anticipate the housing inventory will become even more robust and we will start to see a return to a more balanced market.”
Of the pended home sales in the region last month, one (1) was priced $2,000,000 or higher; 61 were priced $1,000,000 to $1,999,999; 474 were priced $500,000 to $999,999; 1,314 were priced $300,000 to $499,999; 1,283 were priced $200,000 to $299,999; 895 were priced $100,000 to $199,999; and 182 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
Founded in 1918, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than $5 billion in annual sales, more than 40 offices, and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. F.C. Tucker’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. We have earned a reputation for our exceptional service, experienced sales associates and “Golden Rule” commitment to clients and employees. In 2021, F.C. Tucker formed a partnership with Pittsburgh-based Howard Hanna Real Estate Services, the nation’s largest independently owned real estate brokerage firm, furthering each company’s ability to provide best-in-class service and enhance the real estate experience for clients by providing best-in-class agents, products and services. For more information, visit talktotucker.com.
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