Home Sales Continue to Rise
The company says home prices averaged $186
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowF.C. Tucker Company says stats from the Central Indiana housing market show the market continues its upward climb. Sales grew 2.5 percent in January, compared to January 2017. The average year-to-date home price rose 6.3 percent to $192,290. Homes also sold 14 days faster, on average.
The new year saw a slight increase in homeownership, as sales went from 2,109 Central Indiana homes purchased in January 2017 to 2,161 in January 2018. Of the 15 counties F.C. Tucker tracks, 11 showed an increase in average year-to-date home prices. Hamilton County ranked highest in average home price for the 11th straight month at $307,490. Brown County experienced the highest price jump from January of last year, to this year, at 44.8 percent.
“The housing market remains in sellers’ favor in 2018 as prices rise and listings drop,” said Jim Litten, CEO of F.C. Tucker Company. “Despite a competitive sales environment, however, we want to reassure buyers that there are still many great housing options available at all price points.”
Of the pended home sales in the 15 county region in January, one was priced $2,000,000 or higher; four were priced $1,000,000 to $1,999,999; with the largest number of homes falling in the $100,000 to $199,999 category.