Housing market strong in the northern 'burbs

July 15, 2013
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Home-sale agreements and average sale prices continue to climb in central Indiana, signaling a real estate revival in the works.

Pended sales in Hamilton County were up 24 percent for the first six months of the year, according to data released Friday by Indianapolis-based real estate agency F.C. Tucker Co. Purchase agreements were up 16 percent in Boone County in the same period.

To no surprise, available inventory is moving in the opposite direction. Hamilton County active listings in June were down 25 percent, to 1,967—the biggest drop in the nine-county area—and 14 percent in Boone County, to 496.

“Increases in home sales and home prices, and decreases in inventory are positive signs that the central Indiana real estate recovery continues to move in a positive direction,” F.C. Tucker President Jim Litten said in a prepared statement.

For the whole nine-county area, year-to-date sales were up 20 percent at the end of June. Region-wide inventory declined 16 percent.
Average home-sale prices in Boone and Hamilton counties were well above the central Indiana average of $161,068 in June. Boone County had the highest average price: $254,607. Hamilton was next at $244,298.


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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............