MARCH 2022 MARKET UPDATE

March’s Residential Real Estate Market Remains Active as Increases in Both Homes Sales and Prices Continue

March 2022 has proven to be an active month for residential real estate with increases in home prices, sales, and listings. Monthly real estate statistics from F.C. Tucker Company revealed that March 2022 pended home sales increased 2 percent compared to March 2021, while year-to-date home sale prices increased 2.1 percent. Central Indiana housing inventory increased 1.5 percent compared to this time last year.

  • The average March home sale price for the 16-county central Indiana region was $303,561, an increase of 17.1 percent compared to March 2021.

  • Pended home sales increased, up 2 percent compared to this time last year.

  • Available housing inventory increased, up 1.5 percent compared to March 2021.

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