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Area home sales slump for 12th straight month

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Home-sale agreements in the nine-county Indianapolis area sank for the 12th straight month in April, plunging 36.4 percent compared to the same month a year ago.

Sale agreements fell to 2,091 last month from 3,286 in April 2010, according to a report released Friday by F.C. Tucker Co. The area experienced three straight months of improving sales activity from February to March last year thanks to generous federal tax incentives, but home sales have been in a tailspin ever since.

“The housing stimulus from last year expired at the end of April and because of the impending expiration, April 2010 saw abnormally high sales,” F.C. Tucker President Jim Litten said in a written statement. “As we move forward into May, we are comparing apples to apples and are already seeing increases in sales over 2010.”

Year-to-date, sales agreements are down 22.7 percent from the first four months of 2010.

In Marion County, April sales agreements fell 36.8 percent compared with the previous year, from 1,523 to 962.

Pending sales also dropped 35.5 percent last month in Hamilton County, from 651 to 420, and plummeted 45.1 percent in Hendricks County, from 315 to 173. Sales agreements decreased 35.6 percent in Johnson County, from 261 to 168.

The average year-to-date sale price in the Indianapolis area through April was $141,776, up 0.6 percent from the same time last year, the report said.

Active listings fell 7 percent, from 16,407 in April 2010 to 15,254 last month.

 

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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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