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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. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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