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Existing-home sales slide for seventh straight month

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Home-sale agreements in central Indiana fell for the seventh straight month in March amid rising prices, real estate agency F.C. Tucker Co. said Wednesday morning.

Pending sales for existing homes in the nine-county area dropped 18.9 percent, from 2,831 in March 2013 to 2,297 in March 2014.

Home prices rose, however, as inventory dwindled. The average area home price in March was $161,191, Tucker said, an increase of 6.1 percent compared with March 2013.

Available homes for sale in the region dropped 7.7 percent, with 9,961 homes on the market—829 fewer than a year ago.

Real estate experts blamed an especially bad winter for slumping sales in recent months, but March’s numbers showed little improvement.

“Now that harsh winter conditions have finally lifted, we expect warmer weather will attract more potential buyers to open houses,” said F.C. Tucker President Jim Litten. “As we move into the second quarter, we believe home sales will increase and prices will remain strong.”

Marion County led the way with 985 sale agreements in March, down from 1,200 the year before. Hamilton County reported 462 deals, down 31 percent from a year ago.

Agreements dropped 21 percent in Hendricks County, to 206, and 25 percent in Johnson County, to 179.

Hancock County sales rose 6.7 percent to 112. Morgan and Shelby were the only other counties to show increases.

The area saw one sale agreement for a home priced above $2 million in March and six others priced above $1 million. More than a third of the homes that traded hands were priced between $100,000 and $200,000
 

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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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