New Year Brings Continued Growth for Central Indiana Residential Real Estate Market
January 2022 continues 2021’s trend toward a robust residential real estate market. Monthly real estate statistics from F.C. Tucker Company revealed that January 2022 pended home sales decreased 2.1 percent compared to January 2021.
Year-to-date home sale prices increased 14 percent, and central Indiana housing inventory decreased 12.4 percent compared to this time last year. The year-to-date home sale price for the 16-county central Indiana region was $282,160 an increase of 14 percent compared to January 2021. Pended home sales decreased, down 2.1 percent compared to this time last year. Available housing inventory continued to decrease, down 14.3 percent compared to January 2021.