Good News in the Real Estate World…Central Indiana Home Sales UP 16 percent in June and FC Tucker Company up a whopping 35%.

You all know I LOVE some good, positive news regarding my industry that I LOVE!! – here it is.
June 2011 pended home sales rose more than 16% over June 2010. My company, the FC Tucker Company saw company sales increase 35% !!! Average Sales Prices in the central Indiana area have also increased slightly…MORE GOOD NEWS!! I feel that the best news of all the recent sales statistics is that Inventory from June ’10 compared to June ’11 is DOWN. Inventory = Supply, when Supply is ↓ then Demand will go ↑ and Prices should rise as well…Something welcomed news for Home Sellers. In central Indiana there is still a overall 7 month inventory but, among homes selling for $300,000 or less, the inventory is down to a 6 month supply. According to Industry leaders, a healthy balanced demand/supply real estate market is 4-6 months. With June’s positive numbers, year to date home sales are down 9%, with a continued positive trend, we may end the year in the positive!!!