Housing inventory climbs in June
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Indianapolis-based real estate firm F.C. Tucker Co. says June showed promise for would-be home buyers in central Indiana as available inventory climbed. At the same time, home sales prices increased 14.4%.
Tucker’s monthly real estate data shows the number of homes for sale in the 16-county central Indiana region increased about 61% compared to this time last year. The real estate firm also reports pended home sales decreased 6.4% compared to a year ago.
“Inventory has increased yet again in June as more new listings enter the market,” said Jim Litten, chief executive officer of F.C. Tucker Co. “Although home prices are still higher than this time last year, we should start to see some stabilizing trends in the coming months signaling a more even-keeled market with even more available inventory and homes spending more time on the market.”
Homes sold in 18 days on average, which is 18% faster than in 2021.