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Central Indiana home sales improved slightly in 2011

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Home sales in the Indianapolis area were nearly flat in 2011 compared with the previous year, but showed more improvement during the last six months of the year, according to an annual housing report released Tuesday by the Metropolitan Indianapolis Board of Realtors.

Closed sales last year inched up 1.2 percent in the 13 counties tracked by MIBOR, but jumped 18.3 percent from July through December, bolstered by a 7.2-percent increase during the last month of 2011.

MIBOR President Debbie Morris attributed the improving housing climate to affordable mortgage rates and increasing consumer confidence.

“I would characterize central Indiana housing in 2011 as experiencing positive transition,” she said in a prepared statement. “The strong second half of 2011 bodes well for the spring.”

New listings in the final three months of 2011 fell 14.8 percent and total active listings declined 4.9 percent.

Statewide, the number of home sales also was nearly flat, as just 220 more houses sold last year than in 2010, according to the report.

The median price of all 57,985 home sold last year in Indiana was $112,900, a 0.8-percent increase from 2010. The average price of all homes sold in 2011 was $135,183, a 1.7-percent increase from the previous year.

In central Indiana, the average sales price of homes increased by 2.4 percent, to $155,499, in 2011. The median price rose 1.6 percent, to $124,000.
 

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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