Indianapolis-based F.C. Tucker Co. says central Indiana saw an unusually active residential real estate market in December. Data from the real estate company’s monthly report shows an overall continued decrease in inventory and an increase in home sales and prices in the 16-county region.
F.C. Tucker says year-to-date home sale prices increased 12.6% last month. The average home sale price was $293,407, an increase of 15.3%.
“It’s unusual to see this level of residential real estate activity during December,” said Jim Litten, chief executive officer of F.C. Tucker Co. “However, many buyers are taking advantage of low interest rates and the growth in available inventory to purchase a new home. This additional buyer demand results in a continued increase in home sale prices.”
The company says the region experienced a 19.4% decrease in overall available home inventory in December, with 511 fewer homes available for sale than the same period a year earlier. The data shows only six counties continued to see inventory decreases during the month, while nine counties saw increases and one remained the same.
F.C. Tucker says Brown County had the largest inventory increase, up 56.5% compared to the same period last year. Hamilton County inventory continued to see the biggest decrease, down 59.9% from last year.
F.C. Tucker has 35 affiliate offices across the state, in addition to 13 Indianapolis-area offices.