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.