F.C. Tucker Co. says pended home sales in central Indiana jumped more than 7 percent in February. Nearly 2,500 homes were sold in the 15-county region, up from more than 2,300 during the same month the previous year.
Of the 15 counties tracked by F.C. Tucker, 11 saw an increase in home sales last month, with Putnam and Jennings counties seeing the largest jumps at 63.6 percent and 57.1 percent, respectively. The company says the average year-to-date home price for the region increased to $184,170, a 9.5 percent increase over the same month in 2016.
"By all indications, consumer confidence is rising as people are more satisfied with the current state of their finances," said Jim Litten, chief executive officer of F.C. Tucker Co. "This increased confidence typically leads to more spending on large items such as a home."
F.C. Tucker says the number of active listings decreased 18.7 percent in February to 7,500. Putnam County saw the biggest drop in active listings at 27.9 percent, while Jennings County’s active listings grew nearly 65 percent.