Central Indiana home sales up 4.4 percent as prices increased and inventory decreased - Market Watch December 2019
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that the year 2019 ended with a continued upward trend for both home sales and home prices in Central Indiana, while homes are also left the market more quickly. The December 2019 average home sale price increased to $217,302 compared to this time last year. Year-to-date, average sales price increased to $225,616 for the 16-county central Indiana region. Pended home sales increased 4.4 percent, and home inventory decreased by 8.7 percent.
Pended sales continued to increase last month. In December 2019, 2,152 central Indiana homes were purchased, up from 2,061 sold in December 2018. Specifically:
"Even with the December holidays, we are ending 2019 with a robust central Indiana housing market,” said Jim Litten, CEO of F.C. Tucker Company. “Low housing inventory continues to favor sellers, with prices increasing and homes selling more quickly compared to this time last year.”
Of the pended home sales in the region last month, 1 was priced $2,000,000 or higher; 8 were priced $1,000,000 to $1,999,999; 92 were priced $500,000 to $999,999; 342 were priced $300,000 to $499,999; 520 were priced $200,000 to $299,999; 854 were priced $100,000 to $199,999; and 335 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
With approximately $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.