IBJNews

Area homes sell at faster clip

Back to TopCommentsE-mailPrintBookmark and Share

Home-sale agreements in the nine-county Indianapolis area rebounded in April to post a double-digit gain after rising just 1.2 percent the previous month.

Purchase agreements for existing homes increased 13.2 percent in April, totaling 2,788 and up from the 2,463 posted in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. said Monday.

Home-sale agreements are up in each of the first four months of this year, with January showing the biggest surge—17.2 percent.

Each of the nine counties in the Indianapolis metro area posted increases in April. Among them, pended home sales in Marion Country totaled 1,222 last month, up 12.4 percent from April 2012.

In Hamilton County, purchase agreements climbed 20.2 percent, to 588. Another big increase occurred in Johnson County, where pended sales jumped 31.6 percent, to 233.  

Average prices in the quarter rose 5.6 percent, to $152,209, in central Indiana, compared with the same period last year.

In Hamilton County, the average price rose 3 percent, to $237,110. In Marion County, the average increased 10.9 percent, to $118,794.

In April, seven pending sales in the nine-county area were between $1 million and $2 million; 66 fell in the range of $500,000 to $1 million; and 214 pended at $300,000.
 

ADVERTISEMENT

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. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  2. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

  3. We gotta stop this Senior crime. Perhaps long jail terms for these old boozers is in order. There are times these days (more rather than less) when this state makes me sick.

  4. One option is to redistribute the payroll tax already collected by the State. A greater share could be allocated to the county of the workplace location as opposed to the county of residency. Not a new tax, just re-allocate what is currently collected.

  5. Have to agree with Mal Burgess. The biggest problem is massive family breakdown in these neighborhoods. While there are a lot of similiarities, there is a MASSIVE difference between 46218 and 46219. 46219 is diluted by some stable areas, and that's probably where the officers live. Incentivizing is fine, but don't criticize officers for choosing not to live in these neighbor hoods. They have to have a break from what is arguably one of the highest stress job in the land. And you'll have to give me hard evidence that putting officers there is going to make a significant difference. Solid family units, responsible fathers, siblings with the same fathers, engaged parents, commitment to education, respect for the rule of law and the importance of work/a job. If the families and the schools (and society) will support these, THEN we can make a difference.

ADVERTISEMENT