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Area home-sales slump continues in December

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Home-sale agreements in the nine-county central Indiana region fell 15.4 percent in December compared to the same month of 2009, according to a report released Wednesday by F.C. Tucker Co.

For the entire year, pending home sales dropped 10.9 percent from 2009, Tucker said.

Sales agreements fell  to 1,147 last month, down from 1,355 in December 2009. The decline marked the eighth straight month that year-over-year home sales have slumped in central Indiana. The area experienced three straight months of improving sales activity early in the year thanks to generous federal tax incentives.

Overall, pending sales in 2010 sank to 21,594, down from 24,223 in 2009.

Pending home sales account for sales agreements, not sales that have closed.

In Marion County, December sales agreements fell 20 percent compared with the previous year, from 649 to 519. For all of 2010, sales agreements in Marion County dropped 13.9 percent from 2009.

Pending sales dropped 16.3 percent in December in Hamilton County, from 246 to 206, and 8.7 percent in Hendricks County, from 103 to 94.

For 2010, the average sale price of a home sold in central Indiana was $150,161, up 8.2 percent from 2009, the report said.

Active listings dipped 0.2 percent last month, from 14,105 to 14,074.
 


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  1. Back in my teens/early 20s, Chicago's in Greenfield was a spot where my friends and I ate on a constant basis. Chicago's has always offered good pizza and bread sticks, but after getting married and buying a home, their prices and locations have made it so I would only get their pizza once every three years. They have expanded into McCordsville, but sadly closed the downtown Indy store years ago (this was the coolest layout for a restaurant in my opinion).

    Just recently we decided to try Chicago's at the old Greenfield location. While it was clean, they haven't updated much over the last five years or so. Still the same layout, booths, tables, etc.. I made a comment to my wife about how that place hasn't changed in years. Good to see they are doing well enough to build a newer building.

  2. INDIANA CASINOS ARE TIGHT. OTHER OUTSIDE CASINOS HAVE WINNERS ALL DAY LONG. PEOPLE HIT REGULARLY AT OUTSIDE CASINOS, INDIANA CASINOS HAVE FEW WINNERS ESPECIALLY THE LARGER JACKPOT WINNERS. PEOPLE ARE NOT WINNING ENOUGH AT INDIANA CASINO , SO THEY ARE NOT FUN TO VISIT. I,D RATHER TRAVEL TO OUTSIDE CASINO AND TAKE THE CHANCE ON WINNING AND HAVING FUN DOING THAT , THEN TO KNOW THAT YOUR CHANCES AT WINNING AT A INDIANA CASINO AREFAR AND IN BETWEEN.

  3. record low crowd and a record low TV audience.

  4. for an IRL carb day. Like a record tv number,,,,that would be soooo hard

  5. For those of you who think the state didn't do as much as they should...the state did $6M more than they should!!! As a taxpayer I am opposed to the $6M!!!

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