More homes for the holidays: Unusually active December residential real estate market saw some inventory increases; home sales and prices also continued to increase
INDIANAPOLIS – December 2021 bucked the typical trend of a quieter residential real estate market during the holidays. Monthly real estate statistics from F.C. Tucker Company revealed that December 2021 pended home sales increased 4.4 percent compared to December 2020. Year-to-date home sale prices increased 12.6 percent, and central Indiana housing inventory decreased 19.4 percent compared to this time last year.
“It’s unusual to see this level of residential real estate activity during December,” said Jim Litten, CEO of F.C. Tucker Company. “However, many buyers are taking advantage of low interest rates and the growth in available inventory to purchase a new home. This additional buyer demand results in a continued increase in home sale prices.”
Of the pended home sales in the region last month, three (3) were priced $2,000,000 or higher; 30 were priced $1,000,000 to $1,999,999; 186 were priced $500,000 to $999,999; 690 were priced $300,000 to $499,999; 816 were priced $200,000 to $299,999; 765 were priced $100,000 to $199,999; and 220 were priced at $99,999 or less.
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES
ACTIVE LISTINGS – INVENTORY
AVERAGE SALE PRICE
Founded in 1918, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than $5 billion in annual sales, more than 40 offices, and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. F.C. Tucker’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. We have earned a reputation for our exceptional service, experienced sales associates and “Golden Rule” commitment to clients and employees. In 2021, F.C. Tucker formed a partnership with Pittsburgh-based Howard Hanna Real Estate Services, the nation’s largest independently owned real estate brokerage firm, furthering each company’s ability to provide best-in-class service and enhance the real estate experience for clients by providing best-in-class agents, products and services. For more information, visit talktotucker.com.
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