Home sales in central Indiana saw an increase in July. F.C. Tucker Co. says pended sales increased 5 percent last month, compared to the same month last year. Also, the average year-to-date home price for the 16-county region region increased 4.5 percent to $224,479.
The company says 3,966 homes were purchased in the region last month, up from 3,778 sold in July 2018.
The company said July was a strong seller’s market as homes spent less time on the market and sold for increased prices.
“Home inventory in Indiana remains tight, making it an ideal market for sellers,” said Jim Litten, chief executive officer of F.C. Tucker Company. “However, a good selection of homes at varying price points exists, so homebuyers should not be deterred as they begin their housing search.”