The average home sale price decreased 25.8 percent to $195,659, compared to August of last year.
In August, Putnam County’s residential real estate market saw a level of activity it hasn’t seen in a few months, with sales and inventory both increasing while prices decreased.
In numbers released by FC Tucker, specifically in Putnam County in August:
- Pended home sales increased 43.2 percent compared to this time last year.
- Available inventory increased 96.2 percent compared to last year.
- The average home sale price decreased 25.8 percent to $195,659, compared to August of last year.
For the first time in the last six months, central Indiana saw an increase in pended home sales in August. The increase in sales, coupled with greater available inventory and homes selling quickly, created a robust residential real estate market to end the summer. According to F.C. Tucker Company, part of the Howard Hanna family of companies:
- Pended home sales increased 3.7 compared to this time last year.
- Homes sold two days, or 6.1 percent, faster than this time last year.
- Available housing inventory increased 24.9 percent compared to August 2023.
- Compared to August 2023, the average home sale price for the 16-county central Indiana region increased 23.3 percent to $360,000. Year-to-date 2024 home sale prices increased 4 percent.
In August 2024, 3,057 central Indiana homes were purchased, up 3.7 percent from the 2,947 sold in August 2023.
- Jennings County had the greatest increase in pended home sales in August 2024, up 63.2 percent compared to this time last year.
- Montgomery County pended sales had the greatest decrease, with 18.5 percent fewer homes sold compared to August 2023.
Central Indiana year-to-date home sale prices increased 4 percent overall. However, all 16 counties in central Indiana experienced price decreases in August 2024.
Phase II complete on Parke County Rail Trail
Parke County officials seek info in Coxville Bridge damage
Lineup of 50 new food creations featured during this year's Indiana State Fair
Indiana wrapping up recounts in three legislative races
New traffic pattern to impact State Road 63 in Vermillion County
Garth Brooks announces The Blame It All On My Roots Tour kicking off at Gainbridge Fieldhouse
Art and photo contest open for DNR hard card licenses
IFB: Summer cookout costs decrease for Indiana shoppers, lower than U.S. average
$22 million Fourth of July water roller coaster coming to Holiday World & Splashin’ Safari
ISDA Launches IMAGE Cost-Share Program for southwest Indiana producers
July 4th: Red Cross offers safety tips for a harmless holiday
Full steam ahead: Indiana State Fair to debut new Family Train Ride in 2026
Governor Braun highlights America 250 Celebrations, encourages communities to participate with sSpecial grant program
Arts grant to support Parke Players’ summer musical, Ritz Theater
Missing teen Peyton Fulk found in Florida
