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.