F.C. Tucker reports continued growth in housing sales as prices maintain upward momentum
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicated that the housing market is still not slowing down. August 2017 pended sales climbed 3.2 percent compared to August 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.6 percent to $199,498.
As the number of houses available for sale continued to decline, homebuyers purchased them rapidly; 3,067 homes were purchased in Central Indiana in August, an increase from 2,973 sold in August 2016. Many 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 August, signaling that it’s still a strong seller’s market.
Listings dropped by 14.3 percent. In August 2017, inventory stood at 8,720 homes, a decrease of 1,450 compared to August 2016.
“Home inventory in Indiana remains tight, making it an ideal market for sellers,” said Jim Litten, CEO of F.C. Tucker Company. “However, a good selection of homes at varying price points exists, so homebuyers should not be deterred as they begin their housing search.”
Of the pended home sales in the region last month, three were priced over $2,000,000; 16 were priced $1,000,000 to $1,999,999; 116 were priced $500,000 to $999,999; 385 were priced $300,000 to $499,999; 538 were priced $200,000 to $299,999; 1,334 were priced $100,000 to $199,999; and 675 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.