Home-sale agreements rise in Indianapolis area

Home-sale agreements in the nine-county Indianapolis area rose 7 percent in August compared with the same month last year, marking the fourth straight month of year-over-year increases.

Sales agreements climbed to 1,896 last month, an increase of 131 over August 2010, according to a report released Friday by F.C. Tucker Co.

Though higher than a year ago, sales in August were about 17 percent below what they were in the same month of 2009, when 2,213 home-sale agreements were reached.

Year-to-date sales agreements are down 4.2 percent compared to the same period of 2010.

Marion County saw a 3.6-percent increase in August sales agreements from a year earlier, from 796 to 825. The number of Hamilton County deals rose 3.4 percent, from 351 to 363. Hendricks County saw a 5-percent increase, from 160 to 168.

Available homes for sale in the nine-county region dropped 12 percent in August, with 15,208 homes on the market. Marion County’s inventory dropped 14.2 percent.

Year-to-date sale prices are up 1.6 percent in 2011, from $150,257 to $152,687.


Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.