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Central Indiana home-sale agreements up in April

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Sales of existing homes in the Indianapolis area were up in April, marking 12 straight months of increased activity, according to statistics released Friday afternoon by F.C. Tucker Co.

Purchase agreements in the nine-county area tracked by the real estate firm hit 2,252, a 3.3-percent increase over April 2011. Through April, existing home-sale contracts were up 12 percent.

In Marion County, sales agreements increased 4.2 percent, from 961 in April 2011 to 1,001 last month. But pending sales dipped slightly in Hamilton County, from 478 to 475.

Johnson County registered an even bigger decrease, 18.2 percent, as pending sales fell from 176 in April 2011 to 144 last month.

Madison and Hancock counties both saw double-digit increases in pending sales, while they increased 3.6 percent in Hendricks County.

Sales activity is ramping up, even as the number of available homes is down. Inventory in the nine-county area fell 11.3 percent compared with last April, to 13,556.

Inventory dropped 16.3 percent in Marion County and 15.4 percent in Johnson County.

The average sale price in the area rose slightly, by 0.9 percent, to $143,553. About 88 percent of the area’s sales agreements in April involved homes priced at $299,000 or less. Agreements were reached on seven homes priced at more than $1 million.
 

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  1. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

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  4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

  5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

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