INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate the housing market in Central Indiana continues to climb.
December 2017 pended sales increased 6.9 percent compared to December 2016 while the average year-to-date home price for the 15-county central Indiana region rose 5.8 percent to $199,605, according to a news release.
Homebuyers quickly purchased available homes as the number of houses for sale continued to decline; 1,981 homes were purchased in central Indiana in December, an increase from 1,854 sold in December 2016.
Many of the counties that F.C. Tucker tracks experienced an increase in sales. Hancock County showed significant growth in homes sold with a 46.2 percent increase in December 2017 compared with December 2016. Bartholomew County followed with a 34.0 percent increase in sales.
Consistent with the rest of the year, homes sold more quickly and for more money in December, signaling that it’s still a strong seller’s market, according to a news release.
All 15 counties that F.C. Tucker tracks showed an increase in average year-to-date home prices. Hamilton County ranked highest in average home prices for the tenth consecutive month at $302,595. Boone County’s average home prices remained close behind at $299,185.
Homes sold in 60 days on average between January and December 2017, 11 days faster than in the same period last year.
Listings dropped 21.6 percent. In December 2017, inventory stood at 6,163 homes, a decrease of 1,694 compared to December 2016 and the lowest all year.
“The housing market closed out 2017 as strong as it began, showing no signs of slowing down as we enter 2018,” said Jim Litten, CEO of F.C. Tucker Company. “Although the market still skews in favor of the seller, buyers are still able to find homes at reasonable price points.”