Residential real estate seller’s market alive and well in February - Market Watch Feb. 2021
Residential real estate seller’s market alive and well in February
Inventory declines in central Indiana, fueling continued increase in home sale prices
INDIANAPOLIS – Residential real estate continued to experience a seller’s market in central Indiana during February, amid decreasing inventory and increasing prices. Monthly real estate statistics from F.C. Tucker Company revealed that year-to-date home prices increased 12.9 percent, while available housing inventory decreased 56.8 percent.
“As central Indiana’s housing inventory remains tight in 2021, we continue to experience a seller’s market with housing prices steadily increasing,” said Jim Litten, CEO of F.C. Tucker Company. “Late spring and summer 2020 were extremely active, so it will be interesting to see how this year's progress holds up against that fast- moving market.”
Of the pended home sales in the region last month, 3 were priced $2,000,000 or higher; 22 were priced $1,000,000 to $1,999,999; 188 were priced $500,000 to $999,999; 586 were priced $300,000 to $499,999; 738 were priced $200,000 to $299,999; 868 were priced $100,000 to $199,999; and 309 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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