F.C. Tucker Co. says pended home sales in central Indiana increased 6.2 percent in May. Nearly 3,400 homes were sold in the 15-county region, up from about 3,200 during the same month the previous year.
Of the 15 counties tracked by F.C. Tucker, eight saw an increase in home sales last month with Shelby and Decatur counties seeing the largest jumps at 29.5 and 20 percent, respectively. The company says the average year-to-date home price for the region increased to $192,206, a 6.6 percent increase over the same month in 2016.
"Although we’d like to see more homes for sale to balance out the market, buyers with their financing in order can still find plenty of opportunities to make a move," said Jim Litten, chief executive officer of F.C. Tucker. "And Indiana real estate consistently remains a good value."
F.C. Tucker says the number of active listings dropped 21 percent in May to 8,047. Putnam and Shelby counties saw the biggest drops in active listings at 31.7 and 30.4 percent, respectively, while Jennings County was once again the only one to see an uptick in active listings at 2.1 percent.