F.C. Tucker reports 0.1 percent decrease in housing sales as prices continue to rise
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that housing market activity is declining slightly. June 2018 pended sales decreased just 0.1 percent compared to June 2017 while the average year-to-date sale price for the 15-county Central Indiana region increased 8.5 percent to $213,339.
The number of homes for sale continues to decrease, and last month fewer buyers purchased homes as well. 3,802 Central Indiana homes were purchased in June 2018, a small decrease from 3,807 sold in June 2017. Specifically:
Despite fewer pended sales, on average homes sold much faster and for more money in June, meaning it’s still a strong seller’s market.
Listings continue to fall but at a slightly lower rate, decreasing 9.5 percent this month. In June 2018, inventory stood at 5,991 homes, a decrease of 629 compared to June 2017.
“We’re continuing to see the effects of nationwide low inventory here in central Indiana,” said Jim Litten, CEO of F.C. Tucker Company. “Low inventory affects affordability, however we’re optimistic the market will continue to offer homes of all price ranges to buyers while also providing competitive sale prices for sellers.”
Of the pended home sales in the region last month, two were priced $2,000,000 or higher; 18 were priced $1,000,000 to $1,999,999; 153 were priced $500,000 to $999,999; 520 were priced $300,000 to $499,999; 868 were priced $200,000 to $299,999; 1,663 were priced $100,000 to $199,999; and 578 were priced at $99,999 or less.
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