Four Central Indiana counties report increased sales
August 2009 pended home sales match sales in August 2008

INDIANAPOLIS – More than 2,200 Central Indiana homes pended in August, with four counties reporting increases compared to the same time period last year, according to pended sales statistics compiled by F.C. Tucker Company.

August pended home sales in the nine-county area were down only 0.1 percent overall with 2,213 homes pended compared to 2,216 in August 2008. Johnson County posted a 17.8 percent increase, followed by Hancock County at 15.4 percent and Marion and Hamilton counties with 5.9 percent and 0.9 percent increase, respectively. Year to date, overall pended home sales are down 7.5 percent compared to the same timeframe in 2008.

Available homes for sale in the nine-county region dropped 16.3 percent in August 2009 with 16,068 homes on the market, 3,130 fewer homes than in August 2008. Two counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 20.0 percent, followed by Hancock County with 18.6

percent.

August housing statistics point to continued opportunities for buyers to take advantage of slightly lower housing prices across the nine-county Central Indiana region. The average year-to-date sales price for a home in the nine-county area was $138,748, 5.5 percent less than the same period last year.

"August home sales, virtually the same as last year, reflect the positive and steady rebound of the local real estate market," said H. James Litten, president of F.C. Tucker Company's Residential Real Estate Services Division. "Attractive home prices, low interest rates and a first-time home buyer credit have made housing more affordable than it has been in the last two decades."

Active listings - Inventory
County August
08 		August
09

 % Change

Boone

636

603

-5.2%

Hamilton

3,266

2,796

-14.4%

Hancock

733

597

-18.6%

Hendricks

1,434

1,222

-14.8%

Johnson

1,399

1,250

-10.7%

Madison

1,142

980

-14.2%

Marion

9,530

7,621

-20.0%

Morgan

669

626

-6.4%

Shelby

389

373

-4.1%
TOTAL

19,198

16,068

-16.3%

Pended single-family and condominium home sales
County August 08 August 09 % Change Year-to-Date % Change

Boone

68

54

-20.6%

 -0.4%

Hamilton

428

432

0.9%

 -7.7%

Hancock

65

75

15.4%

 -12.3%

Hendricks

202

162

-19.8%

 -8.6%

Johnson

146

172

-17.8%

 -0.5%

Madison

138

112

-18.8%

 -6.5%

Marion

1,036

1,097

5.9%

 -7.7%

Morgan

86

68

-20.9%

 -9.9%

Shelby

47

41

-12.8%

 -24.1%

TOTAL

2,216

2,213

-0.1%

 -7.5%


Active listings - Over Time
Month Active Listings % Change

Aug-08

18,828

-10.9%

Sep-08

18,393

-12.2%

Oct-08

17,746

-12.7%
Nov-08

16,792

-13.0%
Dec-08 15,560 -14.3%
Jan-09 15,415 -14.5%
Feb-09 15,377 -14.3%
Mar-09 15,562 -15.6%
Apr-09 15,785 -16.9%
May-09 15,801 -18.0%
June-09 16,152 -17.5%
July-09 16,223 -16.8%
Aug-09 16068 -16.3

Average Sales Price
County YTD July 08 YTD July 09 % Change

Boone

$254,498

$255,609

0.4%

Hamilton

$248,272

$226,066

 -8.9%

Hancock

$138,568

$131,939

 -4.8%

Hendricks

$161,161

$159,460

 -1.1%

Johnson

$146,374

$138,617

 -5.3%

Madison

$77,692

$71,842

 -7.5%

Marion

$106,828

$104,199

 -2.5%

Morgan

$134,955

$123,247

 -8.7%

Shelby

$103,364

$82,094

 -20.6%

TOTAL

$146,805

$138,784

 -5.5%

 

# # #

Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Propertylinx statistics on September 9, 2009. Pending means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.

With more than $2 billion in annual sales, F.C. Tucker Company is Indiana's largest independently owned comprehensive real estate firm with 46 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company's family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and "Golden Rule" commitment to its clients and employees.

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