IBJNews

Home-sale deals tick up in Indianapolis area

Back to TopCommentsE-mailPrint

Home-sale agreements in the nine-county Indianapolis area ticked up 3.6 percent in July compared with the same month last year, marking the third straight month of year-over-year increases after 14 months of declining sales.

Sales agreements climbed to 1,833 last month, an increase of 64 homes over July 2010, according to a report released Thurday by F.C. Tucker Co.

While higher than a year ago, July’s sales were about 22 percent below what they were in the same month of 2009, when 2,351 home-sales agreements were reached.

Year-to-date sales agreements are down 6.7 percent compared to the same period of 2010.

Marion County saw a 5.4-percent rise in July sales agreements from a year earlier, from 747 to 787. Hamilton County deals dropped 4.2 percent, from 402 to 385. Hancock County saw a 44-percent increase, from 59 to 85.

Available homes for sale in the nine-county region dropped 11 percent in July, with 15,431 homes on the market. Marion County’s inventory dropped 14.8 percent.

Year-to-date sale prices are up 1.6 percent in 2011, from $148,759 to $151,157.

So far this year, sales agreements have been reached on 71 homes in the area priced at $500,000 or more.
 

ADVERTISEMENT

  • really Paul;
    Paul you seem to want to not trust anyone, i would think asking the leading Real Estate Company in the State for numbers and facts on the market is a good place to start. When numbers were down in the past few years they did not sugarcoat it and push false numbers. But you just don’t want to trust anyone and only hear what the national media has to say about the markets. I would disagree 100% that Tucker is not an expert in the market. That’s like saying a fox doesn’t know the best way to eat a hen...
  • Not rubbish
    F.C. Tucker compiles its monthly statistics from a report put together by the Metropolitan Indianapolis Board of Realtors, which tracks area residential real estate sales through its Multiple Listing Service.

    Local media has been reporting statistics from MIBOR and F.C. Tucker for decades, and nobody has ever disputed the reliability of their numbers.

    And if Tucker distorted those numbers, I'm pretty sure a competitor would call them on it almost immediately.

    That being said, if you can recommend an independent party that compiles regular residential real estate statistics about the Indianapolis area, we'd be glad to consider using them.
  • Yeah, right
    These numbers are suspect, because there is an inherent conflict of interest in their release. FC Tucker is not a market expert. They are a market participant. They generate income by generating sales, so it is in their best interest to represent the market in the best light possible. It is foolish to ask the fox how things are going in the hen house. I can't for the life of me understand why any reputable journalist would print such rubbish.
    • IBJ
      Good article.

    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. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

    2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

    3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

    4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

    5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

    ADVERTISEMENT