Home sales in central Indiana saw a small decrease in February. F.C. Tucker Co. says pended sales decreased 1.3 percent in February, compared to the same month last year. Also, the average year-to-date home price for the 15-county region region increased 6.7 percent to $206,941.
The company says 2,771 homes were purchased in the region last month, down from 2,807 sold in February 2018. Of the counties tracked by F.C. Tucker, 12 saw an increase in average year-to-date home prices with Putnam County leading the way at 22.2 percent.
"Spring will heat up the housing market as more people list their homes after the winter season and sale prices continue to increase," said Jim Litten, chief executive officer of F.C. Tucker Co. “However, we will likely see a decrease in inventory once again as home buying accelerates with the warmer weather.”