Central Indiana home sales soar 19.7 percent in February,
even as home prices continue to increase.
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company showed Central Indiana home sales soaring in February 2020, as home prices continued to increase and inventory decreased. Pended home sales increased 19.7 percent, and the average home sale price for the 16-county central Indiana region in February was $227,891, an increase of 10 percent. The year-to-date average home sale price also increased by 7.7 percent, to $222,906. Home inventory decreased by 17.9 percent, compared to this time last year.
In February 2020, 3,379 central Indiana homes were purchased, up 19.7 percent from the 2,822 sold in February 2019. Specifically:
"Double-digit price increases and a nearly 20 percent increase in February pended sales mean one of the strongest first-quarter housing markets in recent history,” said Jim Litten, CEO of F.C. Tucker Company. "Available inventory continues to be low which means another competitive spring for buyers and sellers."
Of the pended home sales in the region last month, 1 was priced $2,000,000 or higher; 23 were priced $1,000,000 to $1,999,999; 149 were priced $500,000 to $999,999; 598 were priced $300,000 to $499,999; 905 were priced $200,000 to $299,999; 1,283 were priced $100,000 to $199,999; and 420 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
With more than $4 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. For more information, visit talktotucker.com