INDIANA – April 2022 was an energetic month for residential actual property with will increase in dwelling costs and listings.
Month-to-month actual property statistics from F.C. Tucker Firm revealed that April 2022 pended dwelling gross sales decreased 5.4 % in comparison with April 2021, whereas year-to-date dwelling sale costs elevated 13.2 %. Central Indiana housing stock elevated 8.5 % in comparison with this time final 12 months.
The common April dwelling sale worth for the 16-county central Indiana area was $309,856, a rise of 10.5 % in comparison with April 2021.
Pended dwelling gross sales decreased, down 5.4 % in comparison with this time final 12 months.
Accessible housing stock elevated, up 8.5 % in comparison with April 2021.
In April 2022, 3,820 central Indiana properties have been bought, down 5.4 % from the 4,039 bought in April 2021.
Shelby County confirmed the best improve in pended dwelling gross sales with 51.9 % development in comparison with April 2021.
The year-to-date sale worth of properties in central Indiana continued its upward climb:
Decatur County recorded the best common year-to-date dwelling sale worth improve at 32.2 %.
Houses bought in 20 days on common, 23.1 % quicker than in 2021. Madison County properties left the market 12 days, or 34.3 %, quicker than in 2021 – the best lower of the 16-county central Indiana space.
Central Indiana skilled a 8.5 % improve in general obtainable dwelling stock April 2022, with 154 extra properties obtainable on the market than in April 2021. One county noticed a listing lower in April 2022, whereas 15 counties noticed will increase.
“The continued rise in dwelling costs and improve in stock signifies a gentle vendor’s market in April, mentioned Jim Litten, CEO of F.C. Tucker. “The rise in stock was met with a rise of demand from patrons trying to lock in low rates of interest on this fast-moving residential actual property market.”