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Central Indiana home sales up nearly 8 percent year to date
Prices increase more than 5 percent; seven counties show rise in average sale price
INDIANAPOLIS – With 2,528 pended sales in March in Central Indiana, overall year-to-date home sales are up
7.7 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.
On a monthly basis, March 2015 pended home sales slipped 1.8 percent compared to March 2014, a decrease
of 47 homes sold in the nine counties that F.C. Tucker tracks. Three of the nine counties reported increased
sales compared to March 2014.
In March, Madison County saw the largest increase in pended home sales which spiked 27.4 percent, raising
the number of pended home sales to 144 from 113 in March 2014. Shelby and Johnson counties experienced
increases of 9.1 and 5.9 percent, respectively, over March 2014. Boone County saw the biggest decline,
decreasing 33.6 percent compared to March of last year. Hancock, Hendricks, Morgan, Madison, Marion and
Hamilton counties also experienced decreases.
“As we move into the second quarter, we believe home sales will increase and prices will remain strong,” said
Jim Litten, president of F.C. Tucker Company. “Though March sales were a little sluggish, we still expect to see
activity gradually pick up due, in part, to recent job growth and the start of the spring selling season.”
Available homes for sale in the nine-county region decreased 0.9 percent in March 2015 with 9,868 homes on
the market, 93 fewer than in March 2014. Eight Central Indiana counties experienced varying inventory declines
with Madison and Johnson counties seeing the greatest decreases of 13.9 and 10.2 percent, respectively.
Boone, Hamilton, Hancock, Hendricks, Morgan and Shelby counties also saw declines. Inventory in Marion
County increased by 4.4 percent.
Overall, year-to-date sales prices for the nine-county Central Indiana area increased by 5.4 percent. Tucker’s
data indicates that seven counties experienced slightly higher home sales prices than in March 2014. Year to
date, Shelby County led the way with a 16.9 percent increase in sales prices. Madison and Hendricks counties
also saw increases of 13.8 and 10.2 percent, while Marion, Johnson, Hamilton and Morgan counties saw slightly
smaller gains. Boone and Hancock counties experienced decreases of 3.7 and 1.5 percent, respectively. The
average year-to-date sales price for a home in the nine-county area was $170,732.
Of the pended home sales in the region last month, one was priced at $2,000,000 or more; seven were priced
$1,000,000 to $1,999,999; 76 were priced $500,000 to $999,999; 277 were priced $300,000 to $499,999; 399
were priced $200,000 to 299,999; 1,114 were priced $100,000 to $199,999 and 654 were priced at $99,999 or
less.
Quick Links:
Pended single-family and condominium home sales
Active Listings – Inventory
Average Sale Price
Pended Single-family and Condominium Home Sales
County
Mar
2014
Mar
2015
Month-tomonth %
Change
Year-todate %
Change
Boone
113
75
-33.6%
-12.9%
Hamilton
578
572
-1.0%
7.9%
Hancock
117
107
-8.5%
-2.2%
Hendricks
243
224
-7.8%
-6.2%
Johnson
205
217
5.9%
16.7%
Madison
113
144
27.4%
22.1%
Marion
1,075
1,059
-1.5%
9.9%
Morgan
87
82
-5.7%
5.1%
Shelby
44
48
9.1%
26.2%
TOTAL
2,575
2,528
-1.8%
7.7%
Active Listings – Inventory
County
Mar
2014
Mar
2015
% Change
Boone
399
386
-3.3%
Hamilton
1,721
1,711
-0.6%
Hancock
420
389
-7.4%
Hendricks
812
781
-3.8%
Johnson
874
785
-10.2%
Madison
675
581
-13.9%
Marion
4,427
4,621
4.4%
Morgan
408
401
-1.7%
Shelby
225
213
-5.3%
TOTAL
9,961
9,868
-0.9%
Average Sales Price
County
YTD
Mar
2014
YTD
Mar
2015
% Change
Boone
$271,147
$261,220
-3.7%
Hamilton
$258,460
$269,917
4.4%
Hancock
$150,717
$148,511
-1.5%
Hendricks
$167,688
$184,866
10.2%
Johnson
$153,577
$164,575
7.2%
Madison
$70,560
$80,288
13.8%
Marion
$123,400
$132,610
7.5%
Morgan
$135,494
$136,821
1.0%
Shelby
$97,661
$114,157
16.9%
Average
Sales
Price
$162,029
$170,732
5.4%
###
Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Propertylinx
statistics on April 8, 2015. Pending 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.
Pended Single-family and Condominium Home Sales
in Select Additional Central Indiana Counties
Mar
2014
Mar
2015
Month-tomonth %
Change
Year-todate %
Change
Bartholomew
72
91
26.4%
41.3%
Brown
20
13
-35.0%
-10.5%
Henry
31
36
16.1%
41.2%
8
7
-12.5%
30.8%
Montgomery
35
34
-2.9%
24.7%
Putnam
36
39
8.3%
28.6%
County
Monroe
Active Listings – Inventory
in Select Additional Central Indiana Counties
County
Mar
2014
Mar
2015
% Change
Bartholomew
293
271
-7.5%
Brown
148
143
-3.4%
Henry
179
186
3.9%
Monroe
63
105
66.7%
Montgomery
220
209
-5.0%
Putnam
249
232
-6.8%
Average Sales Price
in Select Additional Central Indiana Counties
YTD
Mar
2014
YTD
Mar
2015
% Change
Bartholomew
$185,890
$178,682
-3.9%
Brown
$138,833
$186,574
34.4%
Henry
$79,885
$75,200
-5.9%
Monroe
$172,535
$222,820
29.1%
Montgomery
$88,059
$89,842
2.0%
Putnam
$122,789
$132,139
7.6%
County
With approximately $3.4 billion in annual sales, F.C. Tucker Company is Indiana’s largest independently
owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates
throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the
longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real
estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning
and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service,
experienced sales associates and “Golden Rule” commitment to its clients and employees.