New Year Brings Continued Growth for Central Indiana Residential Real Estate Market- Market Watch Jan. 2022
Homes Sell Quickly and Increase in Price Continuing the Strong Seller’s Market
INDIANAPOLIS – The residential real estate market in central Indiana had a strong start to the new year with continued rising home prices and low inventory. Monthly real estate statistics from F.C. Tucker Company revealed that home sales increased 3 percent compared to January 2020, while available housing inventory decreased 53.5 percent.
“The 2021 housing market is steadily ramping up as is typical in January,” said Jim Litten, CEO of F.C. Tucker Company. “With 2020 being such an unusual year, month by month comparisons will look a little different than they have in the past. However, I think when we look quarter by quarter we'll see increasing consumer confidence and an active seller’s market.”
Of the pended home sales in the region last month, 3 were priced $2,000,000 or higher; 13 were priced $1,000,000 to $1,999,999; 180 were priced $500,000 to $999,999; 622 were priced $300,000 to $499,999; 856 were priced $200,000 to $299,999; 1,081 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.
Want to know more? Interested in Buying or Selling?