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Home-sale agreements in the nine-county Indianapolis area jumped 12.2 percent in December, marking a 20th straight month of gains and capping off a strong year for residential real estate sales. 

According to F.C. Tucker Company, overall home-sale agreements rose 17.3 percent in 2012 compared with 2011.

Purchase agreements for existing homes totaled 1,490 in December, 162 more than reported in December, 2011.  Every county in the area except Hancock, Morgan, and Shelby reported an increase.

Madison County saw the largest increase in pended home sales in December on a percentage basis, gaining 50 percent.  Johnson County rose 45 percent, with 159 homes sold, and Marion rose about 12 percent, with 684 homes sold.

The homes-for-sale inventory fell 18.1 percent in December, with 10,116 homes on the market, more than 2,000 fewer than the same time in 2011.

The tight inventory helped support an uptick in prices.  The average sales price in 2012 was $155,879, an increase of 2.8 percent over 2011.  Morgan County led the way with a 14 percent increase in home sale prices, to an average of $145,193.  Marion County saw the average price rise 3.6 percent, to $118,469. 

Every county except for Hamilton recorded an increase in average selling prices for 2012.  Hamilton saw prices fall 2.7 percent, to $247,180, the highest priced average in the metro area. 

 

 

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