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Area home sales, prices show increase

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Home-sale agreements in the nine-county Indianapolis area are improving from year-ago levels, according to F.C. Tucker Co.

Pending home sales in February jumped 26 percent from the same month a year ago, increasing from 1,574 to 1,993, the Indianapolis-based real estate company said Wednesday.

The numbers could be an indicator that the housing market will rebound this year, said H. James Litten, president of Tucker’s residential real estate services division, in a prepared statement.

“Going into the spring home-buying season, we anticipate a sales spike as homeowners get back into the market and take advantage of the last weeks of the first-time and move-up buyer tax credits,” he said.

Marion County posted a 38-percent increase in pending home sales, while Hamilton County registered a 22-percent jump.

Average selling prices are rising, as well. The average sale price through the first two months of the year in the nine counties was $136,217, a 12-percent increase from the same period last year.

Inventory drops also might signal a turnaround. Available homes for sale in the nine counties declined 3 percent last month.
 

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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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