Home prices up 4.5% compared to 2017

HANCOCK COUNTY — Monthly real estate stats from F.C. Tucker Company indicate the housing market in Central Indiana continues to climb.

January 2018 pended sales increased 4.5 percent compared to January 2017 while the average year-to-date home price for the 15-county central Indiana region, including Hancock County, rose 6.3 percent to $192,290, according to a news release.

Home buyers quickly purchased available homes as the number of houses for sale continued to decline; the new year brought only a slight increase in home ownership as sales went from 2,109 central Indiana homes purchased in January 2017 to 2,161 in January 2018.

Many of the counties that F.C. Tucker tracks experienced an increase in sales. Hancock County showed a 15.8 percent decrease in homes sold year over year, with 95 sold this time last year and 80 sold in January 2018.

Consistent with the rest of the year, homes sold more quickly and for more money in January, signaling it’s still a strong seller’s market, according to a news release.

Eleven of the 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 11th consecutive month at $307,490. Brown County experienced the highest price increase from January 2017 to January 2018 at 44.8 percent.

Homes sold 64 days on average in January 2018, 14 days faster than in the same month last year.

Listings dropped 22.1 percent. In January 2018, inventory stood at 5,890 homes, a decrease of 1,668 compared to January 2017.

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Rorye Hatcher is a reporter at the Greenfield Daily Reporter. She can be reached at ​317-477-3211 or rhatcher@greenfieldreporter.com.