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.