F.C. Tucker Team Schuster
  • Home
  • BUY
    • BUYING A HOME
    • Featured Listings
  • SELL
    • Sell your home
    • What is your home worth
  • Meet The Team
  • Contact Us
  • Blog
  • Community Resources
    • Indiana Fun
    • Carmel
    • Fishers
    • Lawrence Twp.
    • Noblesville
    • Westfield
    • Zionsville
  • Review Team Schuster
  • Refer Team Schuster
  • Testimonials

Central Indiana home sales rise 6.2 percent in May

7/21/2017

0 Comments

 
F.C. Tucker reports continued growth in housing sales as prices increase another month
​
 
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicated that the housing market is not slowing down. May 2017 pended sales climbed 6.2 percent compared to May 2016. Similarly, the average year-to-date home price for the 15-county Central Indiana region rose 6.6 percent to $192,206.
 
Homebuyers continue to purchase homes at a rapid rate as the number of houses for sale continued to decline, purchasing 3,398 homes in Central Indiana, an increase from 3,199 sold in May 2016. Many of the counties that F.C. Tucker tracks experienced an increase in sales. Specifically:
  • Shelby County showed significant growth in homes sold, a 29.5 percent increase in May 2017 compared to May 2016. Decatur County followed close behind with a 20 percent increase in sales.
  • Montgomery and Boone counties’ pended sales, in contrast, decreased by 38.1 percent and 23.1 percent, respectively, compared to May 2016.
 
In keeping with the previous month’s trends, homes sold more quickly and for more money in May, signaling a strong seller’s market.
  • Fourteen of the 15 counties that F.C. Tucker tracks showed an uptick in average year-to-date home prices.  
  • Hamilton County again ranked highest with average home prices at $297,681. Boone County’s average home prices, slightly lower than Hamilton County’s, came in at $285,244. 
  • Jennings County’s average home price dropped 5.9 percent, the only county in the region to dip in May.
  • Homes sold in 69 days on average January through May 2017, 11 days quicker than the same time period as last year. Johnson and Hendricks counties’ homes became the fastest-selling in the market at 63 days, while Hamilton and Marion counties came in a close second with homes selling in 66 days.
 
Listings dropped by 21 percent. In May 2017, inventory stood at 8,047 homes, a decrease of 2,137 from the same time in 2016.
  • Putnam and Shelby counties’ inventory dropped 31.7 percent and 30.4 percent respectively, representing 72 and 59 fewer listings compared to May 2016.
  • Conversely, Jennings County noted a slight uptick in listings last month; the additional one home on the market in May represented an increase of 2.1 percent.
 
“Although we’d like to see more homes for sale to balance out the market, buyers with their financing in order can still find plenty of opportunities to make a move,” said Jim Litten, CEO of F.C. Tucker Company. “And Indiana real estate consistently remains a good value.”
 
Of the pended home sales in the region last month, 11 were priced $1,000,000 to $1,999,999; 139 were priced $500,000 to $999,999; 426 were priced $300,000 to $499,999; 675 were priced $200,000 to $299,999; 1,447 were priced $100,000 to $199,999; and 700 were priced at $99,999 or less.
 
Editor’s Notes:
  • All statistics were compiled by F.C. Tucker Company from a report drawn from BLC® statistics on June 14, 2017. Because of delayed processing through other agencies or boards, these numbers are subject to change.
  • “Active Listings – Inventory” is a snapshot frozen in time at the end of the stated month. Active listings include “Active with Contingency Status” filings, which includes homes listed as Pending First Right of Refusal and/or Backup Pendings due to Contract, Financing, Inspection or Other.
  • “Pending” means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.
  • For this report, F.C. Tucker tracks the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby.
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.
 
0 Comments



Leave a Reply.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016

    Categories

    All
    146th
    2022
    Aging In Place
    Arbor Homes
    Avon
    Bay Creek East
    Benefits Of Making Your Home More Eco-friendly
    Blog
    Brighton Knoll
    Britton Ridge
    Broad Ripple
    Brownsburg
    Building A Home
    Buyer
    Buyer Financing
    Buyers
    Buying
    Buying A Flipped House
    Buying A Home
    Carmel
    Cass Estates
    Castleton
    Cedar Bend
    Chapel Woods
    Cicero
    Clark Meadows
    Closing
    CMA
    Columbus
    Condo
    Condos
    Copperstone
    Costs
    Crosses
    Dimora
    DIY
    Elwood
    Fall
    Fall Creek
    F.C. Tucker
    Fc Tucker
    Federal Financing Programs
    First Home
    First Time Home Buyers
    Fishers
    Fixer Upper
    Flip
    For Sale
    Franklin
    Fun Stuff
    Geist
    Greenfield
    Greenwood
    Hancock County
    Hidden Meadow
    Home Buyers
    Home Listing
    Homeowners
    Home Sales
    Homestead Lakes
    Home Tips
    Hunters Creek Village
    Indiana
    Indianapolis
    Indy
    Information
    Investment Property
    Jackson Run
    January 2022
    Jowana Zehrung
    July
    June 2019
    Just Listed
    Keeneland Park
    Keri
    Keri Schuster
    Keystone At The Crossing
    Knightstown
    Landsdowne Dr
    Lawrence
    Lease
    Liberty Creek North
    Lockerbie
    Mapleton Fall Creek
    Mari Walker
    MARKET
    Market Value
    Market Watch
    McCordsville
    M/I Homes
    Mi Homes
    Monrovia
    Mooresville
    Morristown
    Moving
    New Build
    New Construction
    New Home
    New Home Buyers
    New House
    New Listing
    New Listings
    New Palestine
    Nick Surette
    Noble
    Noblesvile
    Noblesville
    Northolm
    Oak Ridge Estates
    Open House
    Open Houses
    Pebble Brook
    Pending
    Pendleton
    Pike Township
    Pine Ridge
    Pine View Estates
    Price Reduction
    Real Estate News
    Realtor
    Reminder
    Repair
    Resources
    Sale
    Scofield Farms
    Selling A Home
    Sheridan
    Smith Meadows
    Sold
    Solds
    Solld
    Spring Knoll
    Staging
    Staging A Home
    Staging Your Home
    Stinemyer Crossing
    Storage
    Storage Space
    Taxes
    Team News
    Team Schuster
    The Heritage
    Tips
    Tipton
    Towns At Trailside
    Transition
    Tucker Mortgage
    Turnberry
    Vikki
    Vikki Duke
    Village Farms
    Villages At Grassy Creek
    Washington Township
    Washing Township
    Wayne Township
    Westfield
    Westons
    Whitestown
    Wildlcat Run
    Zionsville

    RSS Feed

Proudly powered by Weebly
Photos used under Creative Commons from f2 photografia, pstenzel71, verchmarco
  • Home
  • BUY
    • BUYING A HOME
    • Featured Listings
  • SELL
    • Sell your home
    • What is your home worth
  • Meet The Team
  • Contact Us
  • Blog
  • Community Resources
    • Indiana Fun
    • Carmel
    • Fishers
    • Lawrence Twp.
    • Noblesville
    • Westfield
    • Zionsville
  • Review Team Schuster
  • Refer Team Schuster
  • Testimonials