IBJNews

Area home-sale contracts rise 20 percent

Back to TopCommentsE-mailPrintBookmark and Share

Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year improvement in sales contracts.

Purchase agreements for existing homes totaled 2,006 in October 2012 compared with 1,663 in October 2011, Indianapolis-based real estate agency F.C. Tucker Co. said Wednesday in its monthly report.

Every county in the area except for Boone reported an increase in pending sales of existing homes. Marion County reported a 21-percent increase in sales, from 732 in October 2011 to 884 last month. Hamilton County contracts rose 19.1 percent, to 393.

Johnson, Madison and Morgan counties experienced big increases in sales.

Year-to-date, home sales in the area have risen 16.1 percent compared to 2011.

Average sale prices year-to-date have risen 2.3 percent, to $155,913, in the Indianapolis area, but have fallen in Hamilton and Hancock Counties.

Prices are down 7.1 percent in Hamilton, to $240,631, and down 0.9 percent in Hancock, to $138,643.

The average price in Marion County is $119,705, up 4.1 percent.

Prices for the most part are increasing due to a falling inventory of available homes. There were 12,000 existing homes available on the market in October, down nearly 2,200 homes from October 2011.
 

ADVERTISEMENT

  • Silly Partisan
    Fa la la-la-la. Smurf along with me.
  • Obama Haters Unite
    One of the many pleasures I will receive from the President's reelection is to watch republican mouths gape as the housing market, and every other segment of the economy, rebound in the next four years. Granted, this won't be the hyper-, uber- super-charged market of the 90's or mid 2000's, but will be the engine of sustained growth that will gradually reduce unemployment, and reduce the deficit. Romney was right, this would have happened without him having to do anything. It would, however, have been a crime for him to get credit, without having done any of the heavy lifting.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

ADVERTISEMENT