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.