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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. Hiking blocks to an office after fighting traffic is not logical. Having office buildings around the loop, 465 and in cities in surrounding counties is logical. In other words, counties around Indianapolis need office buildings like Keystone, Meridian, Michigan Road/College Park and then no need to go downtown. Financial, legal, professional businesses don't need the downtown when Carmel, Fishers, North Indy are building their own central office buildings close to the professionals. The more Hamilton, Boone county attract professionals, the less downtown is relevant. Highrises have no meaning if they don't have adequate parking for professionals and clients. Great for show, but not exactly downtown Chicago, no lakefront, no river to speak of, and no view from highrises of lake Michigan and the magnificent mile. Indianapolis has no view.

  2. "The car count, THE SERIES, THE RACING, THE RATINGS, THE ATTENDANCE< AND THE MANAGEMENT, EVERY season is sub-par." ______________ You're welcome!

  3. that it actually looked a lot like Sato v Franchitti @Houston. And judging from Dario's marble mouthed presentation providing "color", I'd say that he still suffers from his Dallara inflicted head injury._______Considering that the Formula E cars weren't going that quickly at that exact moment, that was impressive air time. But I guess we shouldn't be surprised, as Dallara is the only car builder that needs an FAA certification for their cars. But flying Dallaras aren't new. Just ask Dan Wheldon.

  4. Does anyone know how and where I can get involved and included?

  5. While the data supporting the success of educating our preschoolers is significant, the method of reaching this age group should be multi-faceted. Getting business involved in support of early childhood education is needed. But the ways for businesses to be involved are not just giving money to programs and services. Corporations and businesses educating their own workforce in the importance of sending a child to kindergarten prepared to learn is an alternative way that needs to be addressed. Helping parents prepare their children for school and be involved is a proven method for success. However, many parents are not sure how to help their children. The public is often led to think that preschool education happens only in schools, daycare, or learning centers but parents and other family members along with pediatricians, librarians, museums, etc. are valuable resources in educating our youngsters. When parents are informed through work lunch hour workshops in educating a young child, website exposure to exceptional teaching ideas that illustrate how to encourage learning for fun, media input, and directed community focus on early childhood that is when a difference will be seen. As a society we all need to look outside the normal paths of educating and reaching preschoolers. It is when methods of involving the most important adult in a child's life - a parent, that real success in educating our future workers will occur. The website www.ifnotyouwho.org is free and illustrates activities that are research-based, easy to follow and fun! Businesses should be encouraging their workers to tackle this issue and this website makes it easy for parents to be involved. The focus of preschool education should be to inspire all the adults in a preschooler's life to be aware of what they can do to prepare a child for their future life. Fortunately we now know best practices to prepare a child for a successful start to school. Is the business community ready to be involved in educating preschoolers when it becomes more than a donation but a challenge to their own workers?

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