March’s residential real estate market “comes in like a lion” with increases in both home sales and prices - Market Watch March 2021
Low inventory continues to impact central Indiana housing prices
INDIANAPOLIS – Central Indiana’s March residential real estate market continued to strengthen with robust home sales and increasing prices. Monthly real estate statistics from F.C. Tucker Company revealed that year-to-date home prices increased 10.6 percent, while available housing inventory decreased 61.1 percent.
“Despite the dramatic decreases in inventory, home sales continued at a brisk pace in March,” said Jim Litten, CEO of F.C. Tucker Company. “With spring and summer typically being a busy time for the residential real estate market, it will be interesting to see if this seller’s market continues its upward climb during the next few months.”
Of the pended home sales in the region last month, 1 was priced $2,000,000 or higher; 38 were priced $1,000,000 to $1,999,999; 286 were priced $500,000 to $999,999; 844 were priced $300,000 to $499,999; 1,091 were priced $200,000 to $299,999; 1,189 were priced $100,000 to $199,999; and 337 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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