Central Indiana home sales soar 19.7 percent in February,

even as home prices continue to increase

 

INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company showed Central Indiana home sales soaring in February 2020, as home prices continued to increase and inventory decreased. Pended home sales increased 19.7 percent, and the average home sale price for the 16-county central Indiana region in February was $227,891, an increase of 10 percent. The year-to-date average home sale price also increased by 7.7 percent, to $222,906. Home inventory decreased by 17.9 percent, compared to this time last year.

 

In February 2020, 3,379 central Indiana homes were purchased, up 19.7 percent from the 2,822 sold in February 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 17.9 percent last month, with 4,195 homes listed in February 2020. That represents 914 fewer homes available for sale than in February 2019.

 

"Double-digit price increases and a nearly 20 percent increase in February pended sales mean one of the strongest first-quarter housing markets in recent history,” said Jim Litten, CEO of F.C. Tucker Company. "Available inventory continues to be low which means another competitive spring for buyers and sellers."  

 

Of the pended home sales in the region last month, 1 was priced $2,000,000 or higher; 23 were priced $1,000,000 to $1,999,999; 149 were priced $500,000 to $999,999; 598 were priced $300,000 to $499,999; 905 were priced $200,000 to $299,999; 1,283 were priced $100,000 to $199,999; and 420 were priced at $99,999 or less.



Editor’s Notes: 

 


 

PENDED SINGLE-FAMILY AND CONDOMINIUM SALES


County

February 2019

February 2020

Month-to-month % Change

Year-to-date
% Change

Bartholomew

87

98

12.6%

19.8%

Boone

86

105

22.1%

22.7%

Brown

17

22

29.4%

60.0%

Decatur

25

36

44.0%

44.2%

Hamilton

521

649

24.6%

17.8%

Hancock

121

145

19.8%

12.3%

Hendricks

217

261

20.3%

19.7%

Jackson

51

43

-15.7%

-6.8%

Jennings

11

24

118.2%

104.2%

Johnson

200

252

26.0%

10.4%

Madison

131

149

13.7%

4.2%

Marion

1,172

1,357

15.8%

14.9%

Montgomery

37

43

16.2%

22.5%

Morgan

71

102

43.7%

48.4%

Putnam

36

42

16.7%

11.4%

Shelby

39

51

30.8%

11.4%

TOTAL

2,822

3,379

19.7%

16.5%



 

ACTIVE LISTINGS – INVENTORY    

 

County

February 2019

February 2020

% Change

Bartholomew

158

137

-13.3%

Boone

222

180

-18.9%

Brown

88

75

-14.8%

Decatur

61

39

-36.1%

Hamilton

1,083

824

-23.9%

Hancock

197

142

-27.9%

Hendricks

295

250

-15.3%

Jackson

32

50

56.3%

Jennings

31

29

-6.5%

Johnson

335

258

-23.0%

Madison

293

217

-25.9%

Marion

1,885

1,611

-14.5%

Montgomery

84

89

6.0%

Morgan

188

136

-27.7%

Putnam

80

88

10.0%

Shelby

77

70

-9.1%

TOTAL

5,109

4,195

-17.9%















 


 

AVERAGE SALE PRICE

 

County

YTD
February 2019

YTD
February 2020

% Change

Bartholomew

$213,864

$202,863

-5.1%

Boone

$317,326

$348,149

9.7%

Brown

$193,627

$305,542

57.8%

Decatur

$135,778

$155,735

14.7%

Hamilton

$332,432

$348,200

4.7%

Hancock

$213,644

$226,295

5.9%

Hendricks

$227,956

$247,565

8.6%

Jackson

$129,192

$146,337

13.3%

Jennings

$108,120

$126,606

17.1%

Johnson

$213,770

$221,232

3.5%

Madison

$107,756

$122,331

13.5%

Marion

$158,022

$178,417

12.9%

Montgomery

$115,854

$146,913

26.8%

Morgan

$188,103

$194,830

3.6%

Putnam

$176,952

$162,470

-8.2%

Shelby

$147,173

$147,219

0.0%

TOTAL

$206,941

$222,906

7.7%

 

# # #

 

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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