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Area home-sale contracts rise 20 percent

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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.
 

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  • 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.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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