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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. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

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