F.C. Tucker reports growth in housing sales as prices maintain upward momentum
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that Central Indiana housing market activity is growing as summer comes to an end. July 2018 pended sales increased 14.1 percent compared to July 2017 while the average year-to-date sale price for the 15-county Central Indiana region increased 9.2 percent to $214,789.
Homebuyers quickly purchased available homes as the number of houses for sale continues to decline. 3,730 Central Indiana homes were purchased in July 2018, up from 3,268 sold in July 2017. Specifically:
In keeping with the previous month’s trends, homes sold more quickly and for more money in July, signaling that it’s still a seller’s market.
Listings continue to fall as new home construction dwindles, with 10.1 percent fewer homes this month. In July 2018, inventory stood at 6,303 homes, a decrease of 707 compared to July 2017.
"Consumer confidence in the market positioned Central Indiana homes sales to finish strong this summer," said Jim Litten, CEO of F.C. Tucker Company. "Traditionally once everyone's back in school and attentions are divided, the market can take a bit of a hit before rebounding late September."
Of the pended home sales in the region last month, three were priced $2,000,000 or higher; 20 were priced $1,000,000 to $1,999,999; 152 were priced $500,000 to $999,999; 545 were priced $300,000 to $499,999; 848 were priced $200,000 to $299,999; 1,598 were priced $100,000 to $199,999; and 564 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.