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Area home-sale contracts rise 20 percent

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Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year improvement in sales contracts.

Purchase agreements for existing homes totaled 2,006 in October 2012 compared with 1,663 in October 2011, Indianapolis-based real estate agency F.C. Tucker Co. said Wednesday in its monthly report.

Every county in the area except for Boone reported an increase in pending sales of existing homes. Marion County reported a 21-percent increase in sales, from 732 in October 2011 to 884 last month. Hamilton County contracts rose 19.1 percent, to 393.

Johnson, Madison and Morgan counties experienced big increases in sales.

Year-to-date, home sales in the area have risen 16.1 percent compared to 2011.

Average sale prices year-to-date have risen 2.3 percent, to $155,913, in the Indianapolis area, but have fallen in Hamilton and Hancock Counties.

Prices are down 7.1 percent in Hamilton, to $240,631, and down 0.9 percent in Hancock, to $138,643.

The average price in Marion County is $119,705, up 4.1 percent.

Prices for the most part are increasing due to a falling inventory of available homes. There were 12,000 existing homes available on the market in October, down nearly 2,200 homes from October 2011.
 

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  • Silly Partisan
    Fa la la-la-la. Smurf along with me.
  • Obama Haters Unite
    One of the many pleasures I will receive from the President's reelection is to watch republican mouths gape as the housing market, and every other segment of the economy, rebound in the next four years. Granted, this won't be the hyper-, uber- super-charged market of the 90's or mid 2000's, but will be the engine of sustained growth that will gradually reduce unemployment, and reduce the deficit. Romney was right, this would have happened without him having to do anything. It would, however, have been a crime for him to get credit, without having done any of the heavy lifting.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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