IBJNews

Existing-home sales sink for eighth straight month

Back to TopCommentsE-mailPrintBookmark and Share

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.



 

ADVERTISEMENT

  • Sales Gangbusters on West Side
    Reports we've heard from Realtors on the west side don't agree. Sales have been been gangbusters with lots of quality inventory available.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

ADVERTISEMENT