Monday, February 26, 2007

F.C. Tucker 2006 Annual Report--Central Indiana Home Sales Defy National Trends

As reported in F.C. Tucker's 2006 Annual Report, 2006 was the second best year in the area's real estate history. Home sales in 2006 were down only 1.9 percent from 2005's record setting sales. Average sales prices for the nine-county region increased 1 percent for an average of $156,612.

Even though the market remained a buyer's market through all 2006, the Indiana economy remained strong. Low unemployment, increased wages and historically low mortgage rates allowed the market to remain steady. Central Indiana continues to remain stable and less volatile, avoiding major upswings and downfalls other markets contend with.

Later this week...Existing and New Home Sales by County/Township

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