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Indianapolis-area home sales continue to slump

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Home-sale agreements in the nine-county Indianapolis area fell 20 percent in March compared to the same month of 2010, according to a report released Thursday by F.C. Tucker Co.

Sale agreements fell to 2,108 last month from 2,629 in March 2010. The decline marked the 11th consecutive month in which year-over-year sales slumped in the area. The area experienced three straight months of improving sales activity early last year thanks to generous federal tax incentives, but have been in a tailspin ever since.

In Marion County, March sales agreements fell 23 percent compared with the previous year, from 1,224 to 943.

Pending sales also dropped 23 percent last month in Hamilton County, from 551 to 423, and dipped 13.3 percent in Hendricks County, from 218 to 189. Sales agreements plummeted 26.6 percent in Johnson County, from 229 to 168.

Year-to-date, sales agreements are down 17 percent from the first three months of 2010.

The average year-to-date sale price in the Indianapolis area through March was $138,132, down nearly 1 percent from the same time last year, the report said.

Active listings fell 6.3 percent, from 15,794 in March 2010 to 14,793 last month.

 
 

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  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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