April home sales decrease as home buyers continue to see 

less inventory and increased prices

 

INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company showed a stable Central Indiana real estate market. Even with a decrease in home sales in April 2020, home prices continued to increase, inventory continued to decrease, and homes left the market faster compared to April 2019.

 

Pended home sales decreased 23.2 percent, but the average home sale price for the 16-county central Indiana region in April was $239,714, an increase of 9.8 percent. The year-to-date average home sale price increased by 8.8 percent, to $233,293. Home inventory decreased by 14.7 percent, compared to this time last year.

 

In April 2020, 3,110 central Indiana homes were purchased, down 23.2 percent from the 4,050 sold in April 2019. Specifically: 

Year-to-date home sale prices increased, and homes also left the market more quickly compared to this time last year.

Inventory decreased 14.7 percent last month, with 4,380 homes listed in April 2020. That represents 756 fewer homes available for sale than in April 2019.

 

"While the COVID-19 pandemic has been challenging for the central Indiana real estate market, home buyers and sellers remain optimistic,” said Jim Litten, CEO of F.C. Tucker Company. "As long as we continue to see a decrease in available inventory and homes continue to sell quickly, home buyers can expect to see prices continue their upward trend.”

 

Of the pended home sales in the region last month,19 were priced $1,000,000 to $1,999,999; 159 were priced $500,000 to $999,999; 551 were priced $300,000 to $499,999; 875 were priced $200,000 to $299,999; 1,164 were priced $100,000 to $199,999; and 342 were priced at $99,999 or less.



Editor’s Notes: 

 

PENDED SINGLE-FAMILY AND CONDOMINIUM SALES


County

April 2019

April 2020

Month-to-month % Change

Year-to-date
% Change

Bartholomew

113

70

-38.1%

-7.0%

Boone

146

120

-17.8%

4.9%

Brown

33

22

-33.3%

1.1%

Decatur

35

27

-22.9%

8.7%

Hamilton

773

568

-26.5%

-4.8%

Hancock

163

106

-35.0%

-10.7%

Hendricks

322

262

-18.6%

-2.2%

Jackson

44

36

-18.2%

-12.0%

Jennings

17

19

11.8%

36.7%

Johnson

284

216

-23.9%

-3.9%

Madison

189

129

-31.7%

-12.6%

Marion

1,647

1,301

-21.0%

-4.6%

Montgomery

59

46

-22.0%

0.0%

Morgan

123

90

-26.8%

4.7%

Putnam

44

50

13.6%

9.3%

Shelby

58

48

-17.2%

-7.8%

TOTAL

4,050

3,110

-23.2%

-4.1%

 

ACTIVE LISTINGS – INVENTORY    

 

County

April 2019

April 2020

% Change

Bartholomew

161

152

-5.6%

Boone

222

194

-12.6%

Brown

91

78

-14.3%

Decatur

58

40

-31.0%

Hamilton

1,165

949

-18.5%

Hancock

209

149

-28.7%

Hendricks

342

281

-17.8%

Jackson

38

50

31.6%

Jennings

36

30

-16.7%

Johnson

293

260

-11.3%

Madison

256

194

-24.2%

Marion

1,854

1,691

-8.8%

Montgomery

78

71

-9.0%

Morgan

180

123

-31.7%

Putnam

80

58

-27.5%

Shelby

73

60

-17.8%

TOTAL

5,136

4,380

-14.7%





 

AVERAGE SALE PRICE

 

County

YTD
April 2019

YTD
April 2020

% Change

Bartholomew

$200,510

$215,281

7.4%

Boone

$333,118

$347,053

4.2%

Brown

$219,073

$260,187

18.8%

Decatur

$138,434

$158,582

14.6%

Hamilton

$330,547

$350,969

6.2%

Hancock

$215,291

$231,378

7.5%

Hendricks

$230,054

$246,863

7.3%

Jackson

$132,805

$154,641

16.4%

Jennings

$124,674

$141,762

13.7%

Johnson

$220,177

$229,692

4.3%

Madison

$115,854

$132,650

14.5%

Marion

$170,776

$192,176

12.5%

Montgomery

$126,250

$145,279

15.1%

Morgan

$190,165

$202,734

6.6%

Putnam

$164,117

$171,527

4.5%

Shelby

$146,339

$164,193

12.2%

TOTAL

$214,343

$233,293

8.8%

 

# # #

 

With more than $4 billion in annual sales, F.C. Tucker Company is Indiana’s 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 company’s 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 “Golden Rule” commitment to its clients and employees. For more information, visit talktotucker.com.

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