The number of home sales in central Indiana increased in April despite a continued drop in inventory. F.C. Tucker Co. says pended home sales increased 29.9% last month, compared to the same month last year. The year-to-date average home price also increased 12.4% to $280,434.
The company says 4,039 homes were purchased in the 16-county region, up from 3,110 sold in April 2020. Of the counties tracked by F.C. Tucker, Boone County had the highest average home sale price at $416,519.
“Sellers were in the driver’s seat in the month of April, as competition in the market continues to heat up in response to low inventory,” said Jim Litten, chief executive officer of F.C. Tucker Co. “My message to homeowners considering selling would be ‘there’s never going to be a better time than now if you have the flexibility to sell.’”
F.C. Tucker says the number of active listings dropped 58.7% in April. Hamilton County saw the biggest drop in inventory at 77.1% compared to last year.