November saw another unusually active residential real estate market in central Indiana; home sales and prices continue to increase
While half of central Indiana counties saw housing inventory increases in November, the seller’s market continued with both home sales and home prices increasing. Monthly real estate statistics from F.C. Tucker Company revealed that November 2021 pended home sales increased 6.9 percent compared to November 2020. Year-to-date home sale prices increased 12.2 percent, and central Indiana housing inventory decreased 18.4 percent overall compared to this time last year.
• The average November 2021 home sale price for the 16-county central Indiana region was $288,685, an increase of 11.3 percent.
• Pended home sales increased, up 6.9 percent compared to this time last year.
• Available housing inventory continued to decrease, down 18.4 percent compared to November 2020.