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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. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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