Client News
September pended home sales up 12 percent in Central Indiana
INDIANAPOLIS – More than 2,100 Central Indiana homes pended in September, with seven of nine Central Indiana counties reporting increases compared to the same time period last year, according to pended sales statistics compiled by F.C. Tucker Company.
September home sales increased 12 percent overall with 2,160 homes pended compared to 1,929 in September 2008. Madison County posted a 37.5 percent increase, followed by Hendricks County at 29.6 percent and Hancock County at 27.4 percent. Year to date, overall pended home sales are down 5 percent compared to the same timeframe in 2008.
“First-time home buyers continue to drive our local housing recovery, and last month in particular, we noticed a marked increase in open house traffic,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “Low home prices and the tax credit for first-time home buyers make it a great time to buy a house in Central Indiana.”
Available homes for sale in the nine-county region dropped 15.7 percent in September 2009 with 15,786 homes on the market, 2,937 fewer homes than in September 2008. Three counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 19.2 percent, followed by Hancock County and Madison County, with 17.9 and 14.5 percent, respectively.
September housing statistics point to continued opportunities for buyers to take advantage of slightly lower housing prices across the nine-county Central Indiana region. The average year-to-date sales price for a home in the nine-county area was $138,815, which is 5 percent less than the same period last year.
Realtors remind consumers that the deadline to qualify for the federal first-time home buyer tax credit is November 30. That means buyers have to agree to terms soon to get deals closed by the deadline. For additional information, visit www.fctucker.com.