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Indiana home sales and prices rise in January

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The Indiana Association of Realtors says the median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.

The group's Indiana Real Estate Markets Report released Monday says the average sale price rose marginally to nearly $122,000. The number of closed sales increased nearly 3 percent to more than 3,000.

The group's chief executive, Karl Berron, says the numbers are significant because the federal home buyer tax credit was in effect a year ago but not last month.

The median sale price of homes statewide has risen 14 out of the last 16 months, according to the association, and the inventory of homes is getting closer to normal levels.

The group's report jibes in part with January sales statistics reported for central Indiana by F.C. Tucker Co. The real estate brokerage found that the average sale price for a home in the  nine-county Indianapolis metropolitan area was $137,913, which was 2.6 percent more than in January 2010. However, home inventory in the area dropped 2.7 percent, according to Tucker statistics. Overall sales for the metro area decreased 12.2 percent from a year earlier.

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  • Great news !!!
    This is great news...that the housing market is picking up. Hopefully I will get a job in Indiana and buy a house there.

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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