Fueled by a slight increase in housing inventory in some areas, central Indiana’s residential real estate market ended the summer on a strong note — with robust home sales and price increases.

Monthly real estate statistics from F.C. Tucker Company revealed that August’s pended home sales increased 3.5 percent compared to August 2020.

In addition, year-to-date home prices increased 13 percent, and available housing inventory decreased 15.2 percent compared to this time last year. The average August 2021 home sale price for the 16-county central Indiana region was $285,886, an increase of 10 percent.

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