Central Indiana home sales start the new year strong – up 14.1 percent –
as prices continue to rise and inventory decreases
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that 2020 is off to a strong start with increases in both home sales and home prices in Central Indiana, while homes also continue to leave the market more quickly. The January 2020 average home sale price for the 16-county central Indiana region increased to $217,886 compared to this time last year. Pended home sales increased 14.1 percent, and home inventory decreased by 11.9 percent.
In January 2020, 3,001 central Indiana homes were purchased, up 14.1 percent from the 2,631 sold in January 2019. Specifically:
"Overall, central Indiana saw a very strong start to the 2020 housing market,” said Jim Litten, CEO of F.C. Tucker Company. “Consumer confidence remains high and mortgage rates are low, which means we will continue to see a lack of housing inventory and increased home sale prices for most of the year.”
Of the pended home sales in the region last month, 22 were priced $1,000,000 or higher; 134 were priced $500,000 to $999,999; 487 were priced $300,000 to $499,999; 738 were priced $200,000 to $299,999; 1,162 were priced $100,000 to $199,999; and 427 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
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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.