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Indianapolis-area home sales close year on the rise

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Home-sale agreements in the nine-county Indianapolis area rose 7.9 percent in December, helping the region eke out a slight gain in pended sales for the entire year.

Pended home sales in the area increased to 1,270 last month, 93 more than in December 2010, according to a report released Friday morning by F.C. Tucker Co. Inc., the city’s largest residential real estate brokerage.

Sale agreements for the entire year increased slightly, 0.9 percent, to 21,683.

In December, Marion County saw an 11-percent increase in sales agreements from a year earlier, from 537 to 596.

The number of Hamilton County deals rose just 1.4 percent, from 219 to 222. Hendricks County saw a larger 19.8-percent increase, as the number of pending sales jumped from 96 to 115.

Available homes for sale in the nine-county region dropped 18.4 percent in December, with 11,914 houses on the market. Marion County’s inventory fell 20.6 percent.

The average sale price of a home in the area inched up 0.8 percent during 2011, to $151,555.
 
 

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  • I Agree
    Pending offers and want a Be's Are not sales. How about Closings. I agree with
    Brent Perry
  • Not home sales, home "agreements"
    IBJ: fix the misleading title. If a sale is pending, then it's not a sale.

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