Residential Real Estate: Marketplace for March 30, 2018

Housing sales

focus-marketplace-stats-033018-2col.jpgPending home sales in the central Indiana dipped 0.7 percent last month compared to the previous year, although prices are up 5.3 percent so far this year, to nearly $194,000. The sales decline can be attributed to a dwindling inventory, with fewer buyers purchasing homes, said F.C. Tucker CEO Jim Litten. “Pending home sales are decreasing around the country, but home sales should bounce back thanks to job and wage growth,” Litten said.•

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