INDIANAPOLIS — A new report reveals that homes are selling faster in central Indiana than this time last year.
According to the F.C. Tucker Company, an Indianapolis-based real estate company, homes in central Indiana were sold in 37 days on average, selling 14 days faster than this time last year.
Officials say, compared to June 2023, the average home sale price for the 16-county central Indiana region increased 17% to $370,335.
The report says 3,132 central Indiana homes were purchased in June 2024, down 3.9% from the 3,259 homes sold in June 2023:
- Hendricks County had the greatest increase in pended home sales in June 2024, up 12.1% compared to this time last year.
- Morgan County pended sales had the greatest decrease, with 31.1% fewer homes sold compared to June 2023.
(NOTE: the video at the top of this story is from a previous report)
The report also says central Indiana's year-to-date home sale prices increased by 4.5% overall:
- Montgomery County recorded the highest average year-to-date home sale price increase at 40.7%
- Boone County had the highest average year-to-date home sale price in the region at $516,347. Homes sold 74.6% faster than this time last year, and had the "greatest increase" in central Indiana.
Officials say central Indiana experienced a 33.4% increase in overall available home inventory in June 2024, compared to June 2023, with 1,153 more homes available for sale.
- Jennings County had the largest inventory increase – up 291.7% compared to June 2023.
- Boone County experienced the largest decrease in inventory – down 4% compared to this time last year and the only county in the 16-county central Indiana area to see a decrease.
“The central Indiana residential real estate market was robust in June,” Jim Litten, president of F.C. Tucker Company, said. “Prices are increasing, but the environment is becoming more balanced for buyers and sellers as more inventory enters the market, giving buyers a wider selection of available homes from which to choose.”