Home Sales Rise in December

The company says home prices averaged $186

F.C. Tucker Co. says pended home sales in central Indiana increased nearly 7 percent last month, compared to December 2016. The average year-to-date home price also rose nearly 6 percent in the 15-county region to $199,605.

The company says 1,981 homes were purchased in December, up from 1,854 sold in the same month the previous year. Of the counties tracked by F.C. Tucker, seven saw an increase in home sales last month with Hancock and Bartholomew counties seeing the largest jumps at 46.2 and 34 percent, respectively. 

"The housing market closed out 2017 as strong as it began, showing no signs of slowing down as we enter 2018," said Jim Litten, chief executive officer of F.C. Tucker Co. "Although the market still skews in favor of the seller, buyers are still able to find homes at reasonable price points."

F.C. Tucker says the number of active listings dropped nearly 22 percent in December to 6,163. Putnam County saw the biggest drop in active listings at 35.5 percent, while Jennings County fell 32.8 percent.