Tax credits help boost April home sales in central Indiana

Back to TopCommentsE-mailPrintBookmark and Share

Home-sale agreements surged 33.8 percent in the Indianapolis area in April as buyers rushed to beat the deadline for sizable federal tax incentives.

More than 3,050 home-sale agreements were reached in the nine-county area in April compared to 2,286 in April 2009, according to a report released Monday by F.C. Tucker Co. All nine counties experienced an increase in pending sales.

April 30 was the deadline to sign a contract and qualify for the federal tax credit of up to $8,000 for first-time homebuyers and $6,500 for some repeat buyers. The deals must close by June 30.

Pending homes sales were up nearly 32 percent in Marion County, from 1,080 to 1,422. They rose 33 percent in Hamilton County, from 449 to 599; and 45 percent in Hendricks County, from 194 to 282.

Shelby County, with 61 home-sale agreements, posted a 134.6-percent increase over the year-ago period.

The average sales price for the nine-county area in April rose from $124,443 to $144,802.

Available homes for sale in the nine-county region rose 1.9 percent in April 2010, with 16,064 homes on the market.


Post a comment to this story

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

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ