Residential Real Estate and Home Sales and Real Estate & Retail

Area home-sale agreements on the rise again

July 12, 2013

Home-sale agreements in the nine-county Indianapolis area were up nearly 10 percent in June compared to the same month a year ago, Indianapolis-based real estate agency F.C. Tucker Co. Inc. said Friday.

Purchase agreements for existing homes increased to 2,637 last month, an increase of 233 homes over June 2012.

Area home sales have shown year-over-year increases for 26 straight months, Tucker said.

Year-to-date, area homes sales are 19.9 percent ahead of last year’s pace, and average sales prices are 5.1 percent ahead of last’s year’s average.

The average year-to-date sales price for a home in the nine-county area through June was $161,068.

Marion County saw a 5.5-percent rise in sales contracts in June, from 1,026 a year ago to 1,082 this year. Sales were up 8.3 percent in Hamilton County, to 610. Hendricks County and Johnson County saw 229 sales agreements each in June.

More than seven homes priced at more than $1 million were sold in the area in June, including one house priced at more than $2 million. Sixty-six homes sold in the range of $500,000 to $999,999.

More than 72 percent of the area homes sold in June fetched less than $200,000.
 

ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus