Home Sales See Double-Digit Growth

(Image courtesy of F.C. Tucker)

F.C. Tucker Co. says pended home sales in central Indiana increased 17.6 percent last month, compared to March 2017. The average year-to-date home price also rose 7.6 percent in the 15-county region to $199,995.

The company says 4,240 homes were purchased in March, up from 3,605 sold in the same month the previous year. Of the counties tracked by F.C. Tucker, only Jennings County saw a decrease in home sales last month at 19.2 percent.

"It’s peak selling season, and buyers are facing more competition as listings continue to drop lower than we’ve seen in years," said Jim Litten, chief executive officer of F.C. Tucker Co. "Without much new construction to add to inventory, homes that are available sell for more money than usual and much faster."

F.C. Tucker says the number of active listings dropped 28 percent in March to 4,346. Bartholomew County saw the biggest drop in active listings at 39.5 percent, while Brown County fell 38.8 percent.