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Area home-sale agreements jumped in July

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Home-sale agreements in the Indianapolis area climbed nearly 10 percent in July, the F.C. Tucker Co. said Wednesday.

Purchase agreements in the nine-county area totaled 2,219 during the month, a 9.7-percent increase over July 2011.

Year-to-date, sales contracts are up 14.3 percent.

“As we move further into the third quarter, we are encouraged by the direction of the market,” F.C. Tucker President Jim Litten said in a prepared statement. “Home sales and home prices continue to grow—necessary factors for market stabilization.”

In Marion County, July sales agreements increased 12.4 percent, from 833 a year ago to 936 this year. Year-to-date sales in the county are up 14 percent.

Johnson County saw 205 sales contracts signed in July, a 9.6-percent increase, while pending sales in Hamilton County rose 8.4 percent, to 475.

The number of purchase agreements dipped 5.6 percent last month in Hendricks County and even more, 20.5 percent, in Hancock County.

Available homes for sale in the nine-county region dropped 12.7 percent in July, with 13,655 homes on the market, 1,995 fewer than in July 2011.

Overall year-to-date sale prices for the nine-county area increased by 2.5 percent, to $154,975.

Existing home sales in central Indiana have shown year-over-year improvement for 15 straight months.
 

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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