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Existing-home sales sink for eighth straight month

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Home-sale agreements dropped nearly 20 percent in the nine-county Indianapolis area in April, the eighth straight month of decreasing deals.

Pending sales of existing homes fell 19.9 percent, from 3,153 in April 2013 to 2,525 in April 2014, real estate agency F.C. Tucker said Tuesday morning.

Area home prices continued to rise as inventories shrank. The average home price through the first four months of 2014 was $165,238, Tucker said, an increase of 8.2 percent compared with the same period of 2013.

Available homes for sale in the region dropped 1.4 percent in April, with 10,924 houses on the market, 160 fewer than the same month a year ago.

Pending sales were down in eight of the area’s nine counties in April.

Hancock County saw a rise of 9.5 percent, from 105 agreements in April 2013 to 115 in April 2014.

Marion County saw a 20-percent drop in sale agreements, from 1,341 last year to 1,073 this year.

Housing hotbed Hamilton County suffered a whopping decrease of 26.1 percent, to 547 agreements.  

Deals fell 21.6 percent in Hendricks County, to 240, and were off 8.3 percent in Johnson County, to 232.

Year-over-year average home prices rose 10 percent in Hamilton County, to $260,670. The lowest average home price was in Madison County, at $73,095.

Four homes priced between $1 million and $2 million sold in central Indiana in April. Nearly half the sales in the area (1,151) took place in the $100,000-to-$199,999 price range.



 

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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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