Central Indiana home sales rise staggering 11.8
percent in June
F.C. Tucker reports continued growth in housing sales as prices increase another month
INDIANAPOLIS
– Halfway through the year, monthly real estate stats from F.C. Tucker Company
indicated that the housing market is still not slowing down. June 2017 pended
sales climbed 11.8 percent compared to June 2016. Similarly, the average
year-to-date home price for the 15-county Central Indiana region rose 6.1
percent to $196,627.
As the number of houses for
sale continued to decline, homebuyers purchased available homes rapidly; 3,428
homes were purchased in Central Indiana in June, an increase from 3,066 sold in
June 2016. Many of the counties that F.C. Tucker tracks experienced an increase
in sales. Specifically:
á Bartholomew County
showed significant growth in homes sold, a 30.9 percent increase in June 2017
compared to June 2016. Madison County
followed close behind with a 28.1 percent increase in sales.
á Montgomery and Hancock countiesÕ pended sales, in contrast, decreased by 22.4
percent and 17.7 percent, respectively, compared to June 2016.
In keeping with the previous
monthÕs trends, homes sold more quickly and for more money in June, signaling a
strong sellerÕs market.
á Thirteen
of the 15 counties that F.C. Tucker tracks showed an uptick in average
year-to-date home prices.
á Hamilton County again ranked
highest with average home prices at $300,840. Boone CountyÕs average home prices, slightly lower than Hamilton
CountyÕs, came in at $296,648.
á Jennings CountyÕs average home
price dropped 7 percent and Shelby CountyÕs
dropped 2.2 percent, the only two counties in the region to dip in June.
á Homes
sold in 65 days on average January through June 2017, 11 days quicker than the
same time period as last year. Johnson and
Hendricks countiesÕ homes became the
fastest-selling in the market at 60 and 61 days respectively, while Hamilton and Hancock counties came in a close second with homes selling in 62
and 63 days.
Listings dropped by 17.7
percent. In June 2017, inventory stood at 8,406 homes, a decrease of 1,812 from
the same time in 2016.
á None of
the 15 counties that F.C. Tucker tracks showed an uptick in active listings
compared to June 2016.
á Putnam and Shelby countiesÕ inventory dropped 29.6 percent and 26.9 percent
respectively, representing 68 and 52 fewer listings compared to June 2016.
ÒWe want to reassure buyers
that although inventory remains limited, there are still many great housing
options available,Ó said Jim Litten, CEO of F.C.
Tucker Company. ÒIndianaÕs housing market is strong and is on track to remain
so through the duration of 2017.Ó
Of the pended home sales in
the region last month, two were priced over $2,000,000; 14 were priced
$1,000,000 to $1,999,999; 132 were priced $500,000 to $999,999; 416 were priced
$300,000 to $499,999; 650 were priced $200,000 to $299,999; 1,516 were priced
$100,000 to $199,999; and 698 were priced at $99,999 or less.
PENDED SINGLE-FAMILY
AND CONDOMINIUM SALES
|
County |
June 2016 |
June 2017 |
Month-to-month % Change |
Year-to-date |
|
Bartholomew |
94 |
123 |
30.9% |
-16.9% |
|
Boone |
112 |
116 |
3.6% |
-4.1% |
|
Brown |
30 |
36 |
20.0% |
23.8% |
|
Decatur |
28 |
28 |
0.0% |
7.0% |
|
Hamilton |
595 |
627 |
5.4% |
2.3% |
|
Hancock |
124 |
102 |
-17.7% |
2.5% |
|
Hendricks |
252 |
282 |
11.9% |
6.3% |
|
Jennings |
17 |
18 |
5.9% |
10.7% |
|
Johnson |
209 |
250 |
19.6% |
-5.1% |
|
Madison |
139 |
178 |
28.1% |
8.2% |
|
Marion |
1,216 |
1,415 |
16.4% |
6.4% |
|
Montgomery |
58 |
45 |
-22.4% |
-6.3% |
|
Morgan |
85 |
97 |
14.1% |
-1.1% |
|
Putnam |
52 |
52 |
0.0% |
-1.2% |
|
Shelby |
55 |
59 |
7.3% |
6.6% |
|
TOTAL |
3,066 |
3,428 |
11.8% |
2.9% |
ACTIVE LISTINGS – INVENTORY
|
County |
June 2016 |
June 2017 |
% Change |
|
Bartholomew |
358 |
312 |
-12.8% |
|
Boone |
409 |
351 |
-14.2% |
|
Brown |
175 |
166 |
-5.1% |
|
Decatur |
111 |
81 |
-27.0% |
|
Hamilton |
1,799 |
1,708 |
-5.1% |
|
Hancock |
348 |
289 |
-17.0% |
|
Hendricks |
728 |
645 |
-11.4% |
|
Jennings |
66 |
52 |
-21.2% |
|
Johnson |
679 |
533 |
-21.5% |
|
Madison |
518 |
412 |
-20.5% |
|
Marion |
4,050 |
3,085 |
-23.8% |
|
Montgomery |
171 |
138 |
-19.3% |
|
Morgan |
383 |
331 |
-13.6% |
|
Putnam |
230 |
162 |
-29.6% |
|
Shelby |
193 |
141 |
-26.9% |
|
TOTAL |
10,218 |
8,406 |
-17.7% |
AVERAGE SALE PRICE
|
County |
YTD |
YTD |
% Change |
|
Bartholomew |
$195,282 |
$195,657 |
0.2% |
|
Boone |
$285,944 |
$296,648 |
3.7% |
|
Brown |
$209,124 |
$221,701 |
6.0% |
|
Decatur |
$129,487 |
$135,029 |
4.3% |
|
Hamilton |
$281,521 |
$300,840 |
6.9% |
|
Hancock |
$173,431 |
$184,688 |
6.5% |
|
Hendricks |
$190,024 |
$207,066 |
9.0% |
|
Jennings |
$116,333 |
$108,183 |
-7.0% |
|
Johnson |
$187,709 |
$202,951 |
8.1% |
|
Madison |
$95,499 |
$100,675 |
5.4% |
|
Marion |
$147,080 |
$157,400 |
7.0% |
|
Montgomery |
$106,530 |
$116,673 |
9.5% |
|
Morgan |
$163,013 |
$172,902 |
6.1% |
|
Putnam |
$122,565 |
$145,759 |
18.9% |
|
Shelby |
$129,473 |
$126,612 |
-2.2% |
|
TOTAL |
$185,283 |
$196,627 |
6.1% |
# # #
With approximately $3.7 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 1,500 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 services—mortgages, 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.
