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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. 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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