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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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    1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

    2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

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    4. Send them back NOW.

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