Hot Housing Market Still Strong
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Home sellers in central Indiana continue to be in the driver’s seat, according to new data from Indianapolis-based F.C. Tucker Co. The real estate firm says year-to-date home prices increased 14% in January, compared to a year ago.
There are also fewer homes on the market in the 16-county region. Tucker says the housing inventory decreased 12.4% from January 2021.
Tucker says homes sold in 22 days on average, 21% faster than in 2021.
“Central Indiana continues to experience a dynamic, fast-paced real estate market as we move into 2022,” said Jim Litten, chief executive officer of F.C. Tucker Co. “While inventory is increasing in most counties, homes are continuing to sell quickly and for increased prices, further extending the competitive seller’s market.”
Hancock County showed the greatest increase in pended home sales with 58% growth compared to January 2021.