Area home-sale agreements on the rise again

Back to TopCommentsE-mailPrintBookmark and Share

Home-sale agreements in the nine-county Indianapolis area were up nearly 10 percent in June compared to the same month a year ago, Indianapolis-based real estate agency F.C. Tucker Co. Inc. said Friday.

Purchase agreements for existing homes increased to 2,637 last month, an increase of 233 homes over June 2012.

Area home sales have shown year-over-year increases for 26 straight months, Tucker said.

Year-to-date, area homes sales are 19.9 percent ahead of last year’s pace, and average sales prices are 5.1 percent ahead of last’s year’s average.

The average year-to-date sales price for a home in the nine-county area through June was $161,068.

Marion County saw a 5.5-percent rise in sales contracts in June, from 1,026 a year ago to 1,082 this year. Sales were up 8.3 percent in Hamilton County, to 610. Hendricks County and Johnson County saw 229 sales agreements each in June.

More than seven homes priced at more than $1 million were sold in the area in June, including one house priced at more than $2 million. Sixty-six homes sold in the range of $500,000 to $999,999.

More than 72 percent of the area homes sold in June fetched less than $200,000.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.