F.C. Tucker Co. says pended home sales in central Indiana increased 7.6 percent last month, compared to May 2017. The average year-to-date home price also rose 8.8 percent in the 15-county region to $209,049.
The company says 4,072 homes were purchased in May, up from 3,785 sold in the same month the previous year. Of the counties tracked by F.C. Tucker, Shelby County saw the biggest decrease in home sales at 11.1 percent, followed by Bartholomew County at 3.3 percent.
"Fewer active listings does translate to higher prices, however Central Indiana still offers homes at every price point. That’s always been one of our market’s strengths," said Jim Litten, chief executive officer of F.C. Tucker Co. "As we head into late summer and fall, we’d love to see more homes for sale to balance out the market."
F.C. Tucker says the number of active listings dropped 14.5 percent in May to 5,238. Bartholomew and Boone counties saw the biggest drops in active listings at 30.9 percent and 30.8 percent, respectively.