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Area home sales stay on upward path in February

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Sales of existing homes in the Indianapolis area continued their upward swing in February, according to statistics released Monday by F.C. Tucker Co.

Purchase agreements in the nine-county area tracked by F.C. Tucker hit 1,728, a 14.7-percent increase over February 2011. The increase marked the 10th straight month of year-over-year improvement.

January's pending sales were up 13.4 percent from the previous year.

"Nationally, the real estate market is showing positive activity, and that movement is being mirrored here in central Indiana," F.C. Tucker President Jim Litten said in a prepared statement.

In Marion County, sales agreements climbed 16.5 percent, from 702 in February 2011 to 818 in February 2012. Pending sales rose 7.6 percent in Hamilton County, to 312 and were up 28 percent in Johnson County, to 150.

Madison County saw a whopping 45-percent increase in February, with potential buyers reaching agreements on 107 homes.

Sales activity is ramping up, even as the number of available homes is down. Inventory in the nine-county area dropped 14 percent over last February, to 12,487 houses.

Johnson County saw inventory decrease 23.2 percent.

The average sale price in the area declined 3.3 percent, to $132,967. Ninty-two percent of the area's sales agreements in February involved homes priced at $299,000 or less. Agreements were reached on four homes priced at more than $1 million.

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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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