Central Indiana home sales up
nearly 8 percent in December
Inventory tightens by 18.4
percent, while sales prices are up year-to-date over 2010
INDIANAPOLIS
Ð More than 1,200 homes pended in December, with all but three Central Indiana
counties reporting increased sales compared to the same time period last year,
according to statistics compiled by F.C. Tucker Company. Overall, December 2011
pended home sales rose 7.9 percent over December 2010, an increase of 93 homes
sold in the nine counties that F.C. Tucker tracks.
In
December, Shelby County saw the largest increase in pended home sales which
spiked 50 percent, raising the number of pended home sales to 39 from 26 in
December 2010. Morgan and Hendricks counties also experienced increases of 33.3
percent and 19.8 percent over December 2010, respectively. Home sales declined
in Madison, Boone and Johnson counties.
Available
homes for sale in the nine-county region dropped 18.4 percent in December 2011
with 11,914 homes on the market, 2,681 fewer than in December 2010. All nine
Central Indiana counties experienced varying inventory declines with Johnson
County experiencing the greatest decrease in inventory at 25.4 percent. Morgan
CountyÕs inventory was the most stable, down just 3.6 percent.
ÒListing
inventory continues to fall while home sales prices inch up Ð all signs that
the recovery mode continues across Central Indiana,Ó said Jim Litten, president
of F.C. Tucker Company. ÒWe expect this positive movement to continue into the
first half of 2012 as well.Ó
Overall,
sales prices for the nine-county Central Indiana area increased by 0.8 percent.
TuckerÕs data indicates that four counties experienced slightly higher home
sales prices than in December 2010. Year-to-date, Madison County led the way with
a 2.1 percent increase in home sales prices, while Hamilton, Johnson and
Hancock counties also reported gains. Shelby County saw the largest decline of
3.3 percent. Hendricks, Morgan, Boone and Marion counties also experienced
modest decreases. The average year-to-date sales price for a home in the
nine-county area was $151,555. Of the pended homes in the region last month, 19
were priced $500,000 or more; 75 were priced $300,000 to $499,999; and 1,176
were priced at $299,999 or less.
Quick
Links:
Pended single-family and
condominium home sales
Pended single-family and condominium home sales
|
County |
Dec-10 |
Dec-11 |
Dec-10
vs. Dec-11
% Change |
Jan.
to Dec. 2010 vs. Jan. to Dec. 2011 %
Change |
|
Boone |
44 |
42 |
-4.5% |
8.3% |
|
Hamilton |
219 |
222 |
1.4% |
2.0% |
|
Hancock |
42 |
47 |
11.9% |
10.1% |
|
Hendricks |
96 |
115 |
19.8% |
6.9% |
|
Johnson |
109 |
107 |
-1.8% |
-0.3% |
|
Madison |
74 |
62 |
-16.2% |
-0.4% |
|
Marion |
537 |
596 |
11.0% |
-2.2% |
|
Morgan |
30 |
40 |
33.3% |
2.2% |
|
Shelby |
26 |
39 |
50.0% |
9.6% |
|
TOTAL |
1,177 |
1,270 |
7.9% |
0.9% |
|
COUNTY |
Dec-10 |
Dec-11 |
%
Change from Prior Year |
|
Boone |
537 |
498 |
-7.3% |
|
Hamilton |
2,585 |
2,105 |
-18.6% |
|
Hancock |
565 |
479 |
-15.2% |
|
Hendricks |
1,192 |
1,046 |
-12.2% |
|
Johnson |
1,150 |
858 |
-25.4% |
|
Madison |
931 |
770 |
-17.3% |
|
Marion |
6,810 |
5,410 |
-20.6% |
|
Morgan |
496 |
478 |
-3.6% |
|
Shelby |
329 |
270 |
-17.9% |
|
TOTAL |
14,595 |
11,914 |
-18.4% |
|
County |
YTD December 2010 |
YTD December 2011 |
% Change |
|
Boone |
$236,325 |
$232,966 |
-1.4% |
|
Hamilton |
$243,383 |
$247,454 |
1.7% |
|
Hancock |
$137,626 |
$137,773 |
0.1% |
|
Hendricks |
$161,479 |
$156,501 |
-3.1% |
|
Johnson |
$143,647 |
$145,434 |
1.2% |
|
Madison |
$74,311 |
$75,883 |
2.1% |
|
Marion |
$114,672 |
$114,441 |
-0.2% |
|
Morgan |
$130,255 |
$127,404 |
-2.2% |
|
Shelby |
$99,512 |
$96,218 |
-3.3% |
|
AVERAGE SALES PRICE |
$150,306 |
$151,555 |
0.8% |
EditorÕs
Note: All statistics were compiled by F.C. Tucker Company from a report drawn
from Propertylinx statistics on January 7, 2012. Pending means the sales
contract has been signed, but the transaction has not closed. According to the NAR, pending sales
typically are finalized within a month or two of signing.
With
more than $2.1 billion in annual sales, F.C. Tucker Company is IndianaÕs
largest independently owned comprehensive real estate firm with more than 40
offices and more than 1,300 sales associates throughout Indiana and select
markets in Kentucky. Less than one percent of all real estate firms have the
longevity of F.C. Tucker. Founded in 1918, the companyÕs family of businesses
includes a full range of real estate servicesÑmortgages, title insurance,
relocation services, a full line of insurance products, auctioning and
homeowner warranty products. F.C. Tucker has earned a reputation for its
exceptional service, experienced sales associates and ÒGolden RuleÓ commitment
to its clients and employees.
