Central Indiana residential real estate market continued at a brisk pace in April - Market Watch April 2021
Low inventory continues driving home sales and prices
INDIANAPOLIS – The April residential real estate market continued at a brisk pace, despite decreases in available housing inventory. Monthly real estate statistics from F.C. Tucker Company revealed that pended home sales increased 29.9 percent compared to this time last year, year-to-date home prices increased 12.4 percent, and available housing inventory decreased 58.7 percent.
“Sellers were in the driver’s seat in the month of April, as competition in the market continues to heat up in response to low inventory,” said Jim Litten, CEO of F.C. Tucker Company. “My message to homeowners considering selling would be ‘there’s never going to be a better time than now if you have the flexibility to sell.’”
Of the pended home sales in the region last month, 11 were priced $2,000,000 or higher; 38 were priced $1,000,000 to $1,999,999; 326 were priced $500,000 to $999,999; 903 were priced $300,000 to $499,999; 1,182 were priced $200,000 to $299,999; 1,237 were priced $100,000 to $199,999; and 342 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
With more than $5 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
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