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Growth in area home sales hits March slowdown

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Home-sale agreements in the nine-county Indianapolis area rose just 1.2 percent in March after the local housing market reported much healthier increases for the first two months of the year.

Purchase agreements for existing homes totaled 2,516 in March, up slightly from 2,486 in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. said Friday morning.

That followed a 17.2-percent surge in January and an 8.1-percent jump in February. For the quarter, sale agreements were up 13.1 percent.

Pending home sales totaled 1,112 in Marion County last month, up 1.6 percent from March 2012.

In Hamilton County, purchase agreements climbed just 1.3 percent, to 557, but in Johnson County, agreements shot up 23.4 percent, to 216.

Agreements fell 6.5 percent in Hendricks County, to 203.

Sale prices increased faster than agreements.

Average prices in the quarter rose 5.2 percent, to $146,896, in the area compared with the same period last year..

In Hamilton County, the average rose 2.6 percent, to $232,445. In Marion County, the average increased 9 percent, to $114,388.

In March, six pending sales were between $1 million and $2 million; 55 fell in the range of $500,000 to $1 million; and 213 pended at $300,000.
 
 

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  • Mikey
    The first paragraph tells the tell. Even in a nuclear winter home sales and building permits will always rise in the spring.
  • What a Fluke
    just earlier this week was an article saying how the housing market is on the rise, and i commented saying its a complete fluke bc investors are giving the housing market a fictitious rebound. again, there is no housing recovery!!! people need to stop listening to media crap and understand that cash investors are buying up and hoarding the properties. in the end, just like the financial markets, investors will again ruin the housing market. these folks buy/sell/rent homes w/ no interest in the areas, just $$$. they let houses sit empty and rent them out to be neglected. those are facts

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

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