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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. 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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