January 2022 continued 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.
In January 2022, 3,026 central Indiana homes were purchased, down 2.1 percent from the 3,092 sold in January 2021. Specifically:
- Hancock County showed the greatest increase in pended home sales with 58.7 percent growth compared to January 2021.
- Bartholomew County pended sales had the greatest decrease with 17.6 percent fewer homes sold in January 2022 compared to this time last year.
The year-to-date sale price of homes in central Indiana continued their upward climb:
- Putnam County recorded the highest average year-to-date home sale price increase at 9 percent.
- Hamilton County had the highest average home sale price in the region at $432,586.
- Homes sold in 22 days on average, 21.4 percent faster than in 2021. Bartholomew County homes left the market 28 days, or 62.2 percent, faster than in January 2021 – the greatest decrease of the 16-county central Indiana area.
Central Indiana experienced a 14.3 percent decrease in overall available home inventory in January 2022, with 310 fewer homes available for sale than in January 2021. Seven counties continued to see inventory decreases in January 2022, while nine counties saw increases.
- Boone County had the largest inventory increase – up 75.4 percent compared to January 2021.
- Hamilton County inventory continued to experience the greatest decrease in central Indiana – down 56.3 percent – compared to this time last year.
“Central Indiana continues to experience a dynamic, fast-paced real estate market as we move into 2022,” said F.C. Tucker Company CEO Jim Litten. “While inventory is increasing in most counties, homes are continuing to sell quickly and for increased prices, further extending the competitive seller’s market.”
Of the pended home sales in the region last month, two were priced $2,000,000 or higher; 31 were priced $1,000,000 to $1,999,999; 226 were priced $500,000 to $999,999; 840 were priced $300,000 to $499,999; 880 were priced $200,000 to $299,999; 835 were priced $100,000 to $199,999; and 212 were priced at $99,999 or less.