Home-sale agreements dropped nearly 20 percent in the nine-county Indianapolis area in April. Home prices continued to rise as inventories shrank.
Home prices rose, however, as inventory dwindled. The average area home price in March was $161,191, an increase of 6.1 percent compared with the same month of 2013.
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
For 34 years, Ward has been selling homes in the Indianapolis area, often to the city’s elite, racking up 12-hour days during her busiest times.
Home-sale agreements in the nine-county Indianapolis area jumped 14.2 percent in November, marking the 19th straight month the number of pending sales has increased.
Purchase agreements in the nine-county Indianapolis area tracked by F.C. Tucker Co totaled 2,219 in July, a 9.7-percent increase over the same month last year. Overall year-to-date sale prices for the nine-county area increased by 2.5 percent, to $154,975.