Low mortgage interest rates and decreasing inventory continue to fuel active residential real estate market in June - Market Watch June 2021
Seller’s market shows no signs of slowing this summer
INDIANAPOLIS – The June residential real estate market continued the trend of decreasing inventory, increasing prices and homes selling quickly. Monthly real estate statistics from F.C. Tucker Company revealed that pended home sales decreased 3.4 percent compared to June 2020. In addition, year-to-date home prices increased 14.1 percent, and available housing inventory decreased 36.9 percent compared to this time last year.
Of the pended home sales in the region last month, 5 were priced $2,000,000 or higher; 40 were priced $1,000,000 to $1,999,999; 339 were priced $500,000 to $999,999; 1,050 were priced $300,000 to $499,999; 1,434 were priced $200,000 to $299,999; 1,225 were priced $100,000 to $199,999; and 298 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.