{"id":317,"date":"2017-04-12T10:23:58","date_gmt":"2017-04-12T14:23:58","guid":{"rendered":"https:\/\/talk.talktotucker.com\/?page_id=317"},"modified":"2024-04-11T11:42:02","modified_gmt":"2024-04-11T15:42:02","slug":"marketwatch","status":"publish","type":"page","link":"https:\/\/talk.talktotucker.com\/marketwatch\/","title":{"rendered":"Market Watch"},"content":{"rendered":"Central Indiana homes sold more quickly in March,\u00a0<\/b>housing inventory increases compared to this time last year\u00a0<\/b><\/p>\n
INDIANAPOLIS<\/b> (April 11, 2024) March 2024 saw a continued increase in available housing inventory and homes selling more quickly than this time last year. According to F.C. Tucker Company, part of the Howard Hanna family of companies:<\/span><\/p>\n\n- Available housing inventory increased 29.4 percent compared to March 2023.<\/span><\/li>\n
- Homes sold 10 days, or 18.5 percent, faster than this time last year.<\/span><\/li>\n
- Compared to March 2023, the average home sale price for the 16-county central Indiana region increased 1.1 percent to $323,982.\u00a0<\/span><\/li>\n
- Pended home sales decreased slightly, down 1.6 percent compared to this time last year.<\/span><\/li>\n<\/ul>\n
In March 2024, 3,179 central Indiana homes were purchased, down 1.6 percent from the 3,232 sold in March 2023.<\/span><\/p>\n\n- Decatur County<\/b> had the greatest increase in pended home sales in March 2024, up 135.3 percent compared to this time last year.<\/span><\/li>\n
- Boone County<\/b> pended sales had the greatest decrease, with 18.2 percent fewer homes sold compared to March 2023.<\/span><\/li>\n<\/ul>\n
Central Indiana year-to-date home sale prices increased, up 3.5 percent overall:<\/span><\/p>\n\n- Morgan County<\/b> recorded the highest average year-to-date home sale price increase at \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 16.5 percent.<\/span><\/li>\n
- Hamilton County<\/b> had the highest average year-to-date home sale price in the region at $487,862.<\/span><\/li>\n
- Homes sold in 44 days on average, selling 10 days, or 18.5 percent, faster than March 2023. <\/span>Brown County<\/b> homes<\/span> sold 40 percent faster than this time last year, the greatest increase in central Indiana. All but one central Indiana county, Boone County, saw homes leaving the market more quickly compared to this time last year.<\/span><\/li>\n<\/ul>\n
Central Indiana experienced a 29.4 percent increase in overall available home inventory in March 2024, compared to March 2023, with 800 more homes available for sale.<\/span><\/p>\n\n- Jennings County<\/b> had the largest inventory increase \u2013 up 244.4 percent compared to March 2023.<\/span><\/li>\n
- Boone County<\/b> experienced the largest decrease in inventory \u2013 down 22.8 percent compared to this time last year. In the 16-county central Indiana area, Boone County was the only county with a decrease in inventory.<\/span><\/li>\n<\/ul>\n
\u201cThe residential real estate market continues to strengthen as we move into the second quarter of 2024. Inventory continues to increase across central Indiana, which offers prospective buyers a wide selection of homes from which to choose. We are also seeing homes leave the market more quickly compared to last year, which is what we would anticipate seeing this time of year,\u201d said Jim Litten, president of F.C. Tucker Company.<\/span><\/p>\nOf the pended home sales in the region last month, eight were priced $2,000,000 or higher; 51 were priced $1,000,000 to $1,999,999; 341 were priced $500,000 to $999,999; 1,119 were priced $300,000 to $499,999; 952 were priced $200,000 to $299,999; 593 were priced $100,000 to $199,999; and 115 were priced at $99,999 or less.<\/span><\/p>\n\u00a0<\/i><\/b><\/p>\n
Editor\u2019s Notes:<\/i><\/b>\u00a0<\/span><\/i><\/p>\n\n- All statistics were compiled by F.C. Tucker Company from a report drawn from BLC\u00ae statistics on \u00a0 April 5, 2024. Because of delayed processing through other agencies or boards, these numbers are subject to change.<\/span><\/i><\/li>\n<\/ul>\n
\n- Effective April 7, 2019, data from MIBOR<\/span><\/i> only reports on single family homes and excludes condo sales. F.C. Tucker will continue to include condo sales in this report.<\/span><\/i><\/li>\n<\/ul>\n
\n- \u00a0\u201cPending\u201d means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.<\/span><\/i><\/li>\n<\/ul>\n
\n- \u00a0\u201cActive Listings \u2013 Inventory\u201d is a snapshot frozen in time at the end of the stated month. Per MIBOR, effective April 1, 2018, \u201cActive with Contingency\u201d no longer is a status in the BLC\u00ae listing service in order to present a true picture in advertising and marketing. Those listings that were in the “Active with Contingency” status have been moved from the “Active” status to the “Pending” status.<\/span><\/i><\/li>\n<\/ul>\n
\n- For this report, F.C. Tucker tracks the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby. The first report tracking Jackson County data was pulled August 7, 2019.<\/span><\/i><\/li>\n<\/ul>\n
\u00a0<\/p>\n
PENDED SINGLE-FAMILY AND CONDOMINIUM SALES<\/b>
<\/b><\/p>\n\n\n\n| \n County<\/b><\/p>\n<\/td>\n | \n March 2023<\/b><\/p>\n<\/td>\n | \n March 2024<\/b><\/p>\n<\/td>\n | \n Month-to-month % Change<\/b><\/p>\n<\/td>\n | \n Year-to-date <\/b>
<\/span>% Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Bartholomew<\/span><\/p>\n<\/td>\n | \n 102<\/span><\/p>\n<\/td>\n | \n 92<\/span><\/p>\n<\/td>\n | \n -9.8%<\/span><\/p>\n<\/td>\n | \n 2.1%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Boone<\/span><\/p>\n<\/td>\n | \n 132<\/span><\/p>\n<\/td>\n | \n 108<\/span><\/p>\n<\/td>\n | \n -18.2%<\/span><\/p>\n<\/td>\n | \n -0.7%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Brown<\/span><\/p>\n<\/td>\n | \n 20<\/span><\/p>\n<\/td>\n | \n 26<\/span><\/p>\n<\/td>\n | \n 30.0%<\/span><\/p>\n<\/td>\n | \n -1.7%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Decatur<\/span><\/p>\n<\/td>\n | \n 17<\/span><\/p>\n<\/td>\n | \n 40<\/span><\/p>\n<\/td>\n | \n 135.3%<\/span><\/p>\n<\/td>\n | \n 67.3%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hamilton<\/span><\/p>\n<\/td>\n | \n 558<\/span><\/p>\n<\/td>\n | \n 528<\/span><\/p>\n<\/td>\n | \n -5.4%<\/span><\/p>\n<\/td>\n | \n -6.9%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hancock<\/span><\/p>\n<\/td>\n | \n 139<\/span><\/p>\n<\/td>\n | \n 142<\/span><\/p>\n<\/td>\n | \n 2.2%<\/span><\/p>\n<\/td>\n | \n -10.1%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hendricks<\/span><\/p>\n<\/td>\n | \n 221<\/span><\/p>\n<\/td>\n | \n 251<\/span><\/p>\n<\/td>\n | \n 13.6%<\/span><\/p>\n<\/td>\n | \n 16.3%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Jackson<\/span><\/p>\n<\/td>\n | \n 35<\/span><\/p>\n<\/td>\n | \n 37<\/span><\/p>\n<\/td>\n | \n 5.7%<\/span><\/p>\n<\/td>\n | \n -14.4%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Jennings<\/span><\/p>\n<\/td>\n | \n 17<\/span><\/p>\n<\/td>\n | \n 23<\/span><\/p>\n<\/td>\n | \n 35.3%<\/span><\/p>\n<\/td>\n | \n 12.8%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Johnson<\/span><\/p>\n<\/td>\n | \n 254<\/span><\/p>\n<\/td>\n | \n 241<\/span><\/p>\n<\/td>\n | \n -5.1%<\/span><\/p>\n<\/td>\n | \n 1.3%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Madison<\/span><\/p>\n<\/td>\n | \n 194<\/span><\/p>\n<\/td>\n | \n 165<\/span><\/p>\n<\/td>\n | \n -14.9%<\/span><\/p>\n<\/td>\n | \n -13.6%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Marion<\/span><\/p>\n<\/td>\n | \n 1,293<\/span><\/p>\n<\/td>\n | \n 1,300<\/span><\/p>\n<\/td>\n | \n 0.5%<\/span><\/p>\n<\/td>\n | \n -1.0%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Montgomery<\/span><\/p>\n<\/td>\n | \n 61<\/span><\/p>\n<\/td>\n | \n 53<\/span><\/p>\n<\/td>\n | \n -13.1%<\/span><\/p>\n<\/td>\n | \n 4.5%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Morgan<\/span><\/p>\n<\/td>\n | \n 95<\/span><\/p>\n<\/td>\n | \n 82<\/span><\/p>\n<\/td>\n | \n -13.7%<\/span><\/p>\n<\/td>\n | \n -11.8%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Putnam<\/span><\/p>\n<\/td>\n | \n 45<\/span><\/p>\n<\/td>\n | \n 50<\/span><\/p>\n<\/td>\n | \n 11.1%<\/span><\/p>\n<\/td>\n | \n 9.1%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Shelby<\/span><\/p>\n<\/td>\n | \n 49<\/span><\/p>\n<\/td>\n | \n 41<\/span><\/p>\n<\/td>\n | \n -16.3%<\/span><\/p>\n<\/td>\n | \n -5.0%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n TOTAL<\/b><\/p>\n<\/td>\n | \n 3,232<\/b><\/p>\n<\/td>\n | \n 3,179<\/b><\/p>\n<\/td>\n | \n -1.6%<\/b><\/p>\n<\/td>\n | \n -1.6%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/p>\n
ACTIVE LISTINGS \u2013 INVENTORY<\/b><\/p>\n \u00a0<\/p>\n \n\n\n| \n County<\/b><\/p>\n<\/td>\n | \n March 2023<\/b><\/p>\n<\/td>\n | \n March 2024<\/b><\/p>\n<\/td>\n | \n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Bartholomew<\/span><\/p>\n<\/td>\n | \n 88<\/span><\/p>\n<\/td>\n | \n 96<\/span><\/p>\n<\/td>\n | \n 9.1%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Boone<\/span><\/p>\n<\/td>\n | \n 136<\/span><\/p>\n<\/td>\n | \n 105<\/span><\/p>\n<\/td>\n | \n -22.8%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Brown<\/span><\/p>\n<\/td>\n | \n 43<\/span><\/p>\n<\/td>\n | \n 50<\/span><\/p>\n<\/td>\n | \n 16.3%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Decatur<\/span><\/p>\n<\/td>\n | \n 25<\/span><\/p>\n<\/td>\n | \n 34<\/span><\/p>\n<\/td>\n | \n 36.0%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hamilton<\/span><\/p>\n<\/td>\n | \n 359<\/span><\/p>\n<\/td>\n | \n 504<\/span><\/p>\n<\/td>\n | \n 40.4%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hancock<\/span><\/p>\n<\/td>\n | \n 141<\/span><\/p>\n<\/td>\n | \n 162<\/span><\/p>\n<\/td>\n | \n 14.9%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hendricks<\/span><\/p>\n<\/td>\n | \n 170<\/span><\/p>\n<\/td>\n | \n 284<\/span><\/p>\n<\/td>\n | \n 67.1%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Jackson<\/span><\/p>\n<\/td>\n | \n 29<\/span><\/p>\n<\/td>\n | \n 47<\/span><\/p>\n<\/td>\n | \n 62.1%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Jennings<\/span><\/p>\n<\/td>\n | \n 9<\/span><\/p>\n<\/td>\n | \n 31<\/span><\/p>\n<\/td>\n | \n 244.4%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Johnson<\/span><\/p>\n<\/td>\n | \n 214<\/span><\/p>\n<\/td>\n | \n 224<\/span><\/p>\n<\/td>\n | \n 4.7%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Madison<\/span><\/p>\n<\/td>\n | \n 146<\/span><\/p>\n<\/td>\n | \n 205<\/span><\/p>\n<\/td>\n | \n 40.4%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Marion<\/span><\/p>\n<\/td>\n | \n 1,131<\/span><\/p>\n<\/td>\n | \n 1,492<\/span><\/p>\n<\/td>\n | \n 31.9%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Montgomery<\/span><\/p>\n<\/td>\n | \n 42<\/span><\/p>\n<\/td>\n | \n 44<\/span><\/p>\n<\/td>\n | \n 4.8%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Morgan<\/span><\/p>\n<\/td>\n | \n 87<\/span><\/p>\n<\/td>\n | \n 111<\/span><\/p>\n<\/td>\n | \n 27.6%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Putnam<\/span><\/p>\n<\/td>\n | \n 53<\/span><\/p>\n<\/td>\n | \n 68<\/span><\/p>\n<\/td>\n | \n 28.3%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Shelby<\/span><\/p>\n<\/td>\n | \n 52<\/span><\/p>\n<\/td>\n | \n 68<\/span><\/p>\n<\/td>\n | \n 30.8%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n TOTAL<\/b><\/p>\n<\/td>\n | \n 2,725<\/b><\/p>\n<\/td>\n | \n 3,525<\/b><\/p>\n<\/td>\n | \n 29.4%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \u00a0<\/p>\n AVERAGE SALE PRICE\u00a0<\/b><\/p>\n \u00a0<\/p>\n \n\n\n| \n County<\/b><\/p>\n<\/td>\n | \n YTD <\/b>
<\/span>March 2023<\/b><\/p>\n<\/td>\n | \n YTD <\/b>
<\/span>March 2024<\/b><\/p>\n<\/td>\n | \n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Bartholomew<\/span><\/p>\n<\/td>\n | \n $275,918<\/span><\/p>\n<\/td>\n | \n $285,291<\/span><\/p>\n<\/td>\n | \n 3.4%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Boone<\/span><\/p>\n<\/td>\n | \n $419,267<\/span><\/p>\n<\/td>\n | \n $456,544<\/span><\/p>\n<\/td>\n | \n 8.9%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Brown<\/span><\/p>\n<\/td>\n | \n $423,321<\/span><\/p>\n<\/td>\n | \n $438,153<\/span><\/p>\n<\/td>\n | \n 3.5%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Decatur<\/span><\/p>\n<\/td>\n | \n $210,029<\/span><\/p>\n<\/td>\n | \n $211,536<\/span><\/p>\n<\/td>\n | \n 0.7%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Hamilton<\/span><\/p>\n<\/td>\n | \n $478,539<\/span><\/p>\n<\/td>\n | \n $487,862<\/span><\/p>\n<\/td>\n | \n 1.9%<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |