Central Indiana home sales decrease 1.3 percent in February - Market Watch - February 2019
Central Indiana home sales decrease 1.3 percent in February
F.C. Tucker reports 14.9 percent increase in inventory as prices continue to rise.
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate a small decrease in homes sold, but higher sale prices and increased inventory. February 2019 pended sales decreased 1.3 percent compared to February 2018 while the average year-to-date sale price for the 15-county Central Indiana region increased 6.7 percent to $206,941.
While there continues to be a steady increase in sale prices, slightly fewer homes sold while inventory and time on the market increased. In February 2019, 2,771 central Indiana homes were purchased, down from 2,807 sold in February 2018. Specifically:
Homes spent more time on the market and most counties saw price increases.
Inventory increased in about half of central Indiana counties, with 659 more homes listed than February 2018. In February 2019, inventory stood at 5,077 homes, an increase of 14.9 percent compared to the same month in 2018.
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; 123 were priced $500,000 to $999,999; 421 were priced $300,000 to $499,999; 670 were priced $200,000 to $299,999; 1,151 were priced $100,000 to $199,999; and 388 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
With approximately $4 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. For more information, visit talktotucker.com.
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