Residential real estate market in central Indiana finishes summer strong - Market Watch Aug 2021
Slight inventory increase fuels a boost in August home sales, price increase.
INDIANAPOLIS – Fueled by a slight increase in housing inventory in some areas, central Indiana’s residential real estate market ended the summer on a strong note – with robust home sales and price increases. Monthly real estate statistics from F.C. Tucker Company revealed that August’s pended home sales increased 3.5 percent compared to August 2020. In addition, year-to-date home prices increased 13 percent, and available housing inventory decreased 15.2 percent compared to this time last year.
“Some central Indiana counties saw inventory increases during the month of August, further boosting home sales and increased sale prices,” said Jim Litten, CEO of F.C. Tucker Company. “While we may continue to see a slight increase in available housing inventory, I expect the strong seller’s market to continue through the end of the year and into 2022.”
Of the pended home sales in the region last month, 5 were priced $2,000,000 or higher; 52 were priced $1,000,000 to $1,999,999; 300 were priced $500,000 to $999,999; 1,091 were priced $300,000 to $499,999; 1,463 were priced $200,000 to $299,999; 1,268 were priced $100,000 to $199,999; and 305 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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