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 the housing market is on the rise once again. April 2018 pended sales increased 4.3 percent compared to April 2017 while the average year-to-date sales price for the 15-county Central Indiana region increased 8.1 percent to $203,839.
Pended sales increased slightly as the number of houses for sale continues to decline. Pended sales went from 3,729 Central Indiana homes purchased in April 2017 to 3,890 in April 2018. Specifically:
In keeping with the previous month’s trends, homes sold more quickly and for more money in April, signaling that it’s still a seller’s market.
Listings dropped 21.5 percent this month. In April 2018, inventory stood at 4,654 homes, a decrease of 1,277 compared to April 2017.
“Homes continue to leave the market faster, meaning buyers who find their dream homes need to act fast,” said Jim Litten, CEO of F.C. Tucker Company. “Sale prices are rising as a result of increased competition, but buyers can still find homes in their price range throughout the region.”
Of the pended home sales in the region last month, none were priced $2,000,000 or higher; 17 were priced $1,000,000 to $1,999,999; 192 were priced $500,000 to $999,999; 627 were priced $300,000 to $499,999; 895 were priced $200,000 to $299,999; 1,589 were priced $100,000 to $199,999; and 570 were priced at $99,999 or less.