INDIANAPOLIS — A new report reveals that homes are selling faster in central Indiana than this time last year. , 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.The report also says central Indiana's year-to-date home sale prices increased by 4.5% overall: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.
“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.”WTHR would like to send you push notifications about the latest news and weather.