INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. March 2017 pended sales were up 5 percent compared to March 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 7 percent to $185,819.
Homebuyers remained steadfast as the number of houses for sale continued to decline, purchasing 3,177 homes in Central Indiana, an increase from 3,027 sold in March 2016. The majority 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 March, signaling a strong seller’s market.
Listings dropped a significant 18.3 percent. In March 2017, inventory stood at 7,844 homes, a decrease of 1,756 from the same time in 2016.
“Due to a lack of winter, the 2017 home-selling season started about two months earlier than usual, leading to a strong housing market for spring and a positive outlook for the entire year,” said Jim Litten, CEO of F.C. Tucker Company.
Of the pended home sales in the region last month, 12 were priced $1,000,000 to $1,999,999; 111 were priced $500,000 to $999,999; 400 were priced $300,000 to $499,999; 543 were priced $200,000 to $299,999; 1,406 were priced $100,000 to $199,999; and 705 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.