Home Sales Increase As Inventory Tightens

The company says home prices averaged $186

Indianapolis-based F.C. Tucker Co. says central Indiana home sales rose 4.3 percent in April, compared to the same month last year. The independently-owned real estate firm says listings are down more than 20 percent and April’s total inventory included 4,654 homes throughout the 15-county region.

The monthly report, which uses figures compiled from BLC data, shows Putnam County notched the highest growth in homes sold with an over 56 percent increase. Home sales decreased in Madison County by 12.3 percent. F.C. Tucker says "in keeping with the previous month’s trends, homes sold more quickly and for more money in April, signaling that it’s still a seller’s market."

The highest home prices in the region continue to be in Hamilton County, which average $316,968. Year-to-date, the average sale price throughout the region increased more than 8 percent to $203,839.