Central Indiana home sales rise 5.6 percent in September
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. September 2017 pended sales climbed 5.6 percent compared to September 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 5.9 percent to $199,240.
As the number of houses available for sale continued to decline, homebuyers purchased them rapidly; 2,746 homes were purchased in Central Indiana in September, an increase from 2,600 sold in September 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 September, signaling that it’s still a strong seller’s market.
Listings dropped by 15.4 percent. In September 2017, inventory stood at 8,597 homes, a decrease of 1,569 compared to September 2016.
“Three-quarters of the way through 2017, the housing market has remained strong for sellers,” said Jim Litten, CEO of F.C. Tucker Company. “However, we continue to see homes in all price ranges coming on the market, so buyers should be optimistic that the home they are searching for is attainable.”
Of the pended home sales in the region last month, seven were priced $1,000,000 to $1,999,999; 96 were priced $500,000 to $999,999; 314 were priced $300,000 to $499,999; 528 were priced $200,000 to $299,999; 1,230 were priced $100,000 to $199,999; and 571 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.