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Area home-sale contracts up again in August

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Home-sale agreements in the Indianapolis area rose 5.4 percent in August, the F.C. Tucker Co. said Thursday.

Purchase agreements for existing homes in the nine-county area totaled 2,151 during the month, helping sales contracts through the first eight months of the year to a 14.3-percent increase when compared with the same time last year.

In Marion County, August sales agreements increased 4.5 percent, from 885 a year ago to 925 this year. Year-to-date sales in the county are up 13.4 percent.

One of the biggest jumps occurred in Hamilton County, where sales contracts last month jumped 9.9 percent, to 443.

Johnson County posted the largest decrease in the area, a 19.1-percent decline, to 148, in August.

Available homes for sale in the nine-county region dropped 14.4 percent last month, with 13,212 homes on the market, 2,109 fewer than in August 2011.

Overall year-to-date sale prices for the nine-county area increased by 2.4 percent, to $156,105.

Existing home sales in central Indiana have shown year-over-year improvement for 16 straight months.
 

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