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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. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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