Central Indiana home prices rise, sales drop in April

INDIANAPOLIS (Inside INdiana Enterprise) — Indianapolis-based F.C. Tucker Co. says central Indiana continued to see a rise in dwelling costs and housing stock in April. Nevertheless, pended dwelling gross sales within the 16-county area dropped 5.4% in comparison with the identical month final 12 months.

Tucker says the common dwelling sale worth in April was $309,856, marking a ten.5% enhance over April 2021. Out there housing stock additionally rose 8.5%.

However, solely 3,820 properties had been bought in central Indiana final month, in comparison with 4,039 bought in April of final 12 months.

“The continued rise in dwelling costs and enhance in stock signifies a gradual vendor’s market in April, F.C. Tucker CEO Jim Litten stated in written remarks. “The rise in stock was met with a rise of demand from consumers seeking to lock in low rates of interest on this fast-moving residential actual property market.”  

The corporate says year-to-date, central Indiana dwelling sale costs have risen 13.2%. Decatur County has seen the best common year-to-date worth enhance at 32.2%.

F.C. Tucker has 35 affiliate places of work in Indiana, along with 13 Indianapolis-area places of work.