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Home-sale agreements for Indy area jump in January

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Sales of existing homes in the nine-county Indianapolis area are off to a strong start in 2012, with the number of sales agreements increasing 13.4 percent in January compared with the same month a year earlier.

Purchase agreements in the area rose to 1,531 last month, 181 more than in January 2011, according to a report released Monday morning by F.C. Tucker Co. Inc., the city’s largest real estate agency.

In January, Marion County saw a 22.7-percent increase in sales agreements from a year earlier, from 596 to 731. Johnson County saw a larger, 26.9-percent bump, as the number of pending sales rose from 93 to 118. Hancock County tallied a 52.2-percent rise, the largest of the nine counties, with 70 sale agreements after 46 in January 2011.

Hamilton and Hendricks counties, however, both had less activity last month than in January 2011. Pending sales in Hamilton dipped 5.3 percent, to 269 from 284, while sales agreements in Hendricks dropped 10.9 percent, to 123 from 138.

F.C. Tucker expects home sales to continue to improve during the first six months of the year, but then to likely slow a bit during the second half as homebuyers take a “wait-and-see approach” to results of the November presidential election, said Jim Litten, president of F.C. Tucker, in a prepared statement.

Available homes for sale in the nine-county region dropped 15.3 percent in January, with 12,120 houses on the market. Marion County’s inventory fell 18.5 percent.

The average sale price of a home in the area declined 3.3 percent in January, to $134,782.
 

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  • Indy Home Sales
    I find it interesting that an upturn in home sales can result in President Obama being called a socialist by hc, in the post below. First of all, I do not think the POTUS had anything to do with this latest increase in home sales. Banks have been sitting on funds for three years, waiting for the US Congress and Senate to resolve how banks will treat properties in foreclosure, and that decision has been made. In addition, the banks are now held accountable to verify earnings and debts of all borrowers, something that was not done between 2004 and 2008. All in all, I am happy for the people selling their homes, except for the fact that the valuations are lower than during the "pump and dump" era that created the financial collapse of the US Housing Market in 2007.
  • To Be Sure
    Obama is still a socialist, communist and freedom usurper even if that makes absolutely no sense and the economy is on the up tick.

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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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