Central Indiana Home Sales Rise 5 Percent in April
F.C. Tucker reports positive growth in housing sales for 12th consecutive month
INDIANAPOLIS – F.C. Tucker Company’s monthly real estate market stats indicated the housing market is still going strong. April 2017 pended sales climbed 5 percent compared to April 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.8 percent to $188,583.
Homebuyers remained steadfast as the number of houses for sale continued to decline, purchasing 3,302 homes in Central Indiana, an increase from 3,145 sold in April 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 April, signaling a strong seller’s market.
Listings dropped a significant 21.2 percent. In April 2017, inventory stood at 7,902 homes, a decrease of 2,127 from the same time in 2016.
“Going into this traditionally popular sales season, pent-up demand for homes demonstrates today’s housing market is not slowing down. Buyers with their financing in order, paired with sellers who price their homes appropriately, are finding success,” said Jim Litten, CEO of F.C. Tucker Company.
Of the pended home sales in the region last month, one was priced above $2,000,000; six were priced $1,000,000 to $1,999,999; 100 were priced $500,000 to $999,999; 397 were priced $300,000 to $499,999; 653 were priced $200,000 to $299,999; 1,446 were priced $100,000 to $199,999; and 699 were priced at $99,999 or less.