Real estate observers say the housing market typically cools with falling temperatures in and the holiday season. But that is not the case in 2021. Indianapolis-based F.C. Tucker says single family home sales remain strong, fast moving and more expensive.
“Traditionally, we would see the residential real estate market quiet down this time of year, with the weather cooling and families preparing for the holidays,” said Jim Litten, chief executive officer of F.C. Tucker Co. “This was certainly not the case in October and, in fact, I anticipate the robust market will continue through the end of 2021.”
The real estate firm says the available housing inventory in the 16-county region is down 19% from the same time last year. Hamilton County had the highest decrease in available homes, down nearly 52% from October 2020.
Its monthly analysis shows year-to-date home sale prices have increased more than 12%. Tucker says homes sold in 19 days on average last month, 42% percent faster than in 2020.