Area Pended Home Sales Go Up Into Fall Season
Marion County takes biggest jump with 17-percent increase

Pended home sales (signed real estate agreements) in October 2005 remained solid in Marion County and the surrounding eight counties. Despite normal downturns in the fall months, pended home sales climbed 8.8 percent from the same month last year. October pended sales equaled 2,468 homes, a 199-home increase from October 2004. Year-to-date sales have also increased, up 5.0 percent across central Indiana .

“October proved to be a solid month for area real estate,” H. James Litten, president of F.C. Tucker's Residential Real Estate Services Division, said. “The unseasonably warm weather likely played a factor, as the market generally slows as the weather turns colder.”

Marion County experienced a marked increase, 17.1 percent, from October 2004 to October 2005. The area's most populous county also showed a solid 6.2 percent year-to-date increase. Meanwhile, Hendricks County once again leads the region in year-to-date sales increases (12.4 percent). A stark contrast to last month, Shelby County experienced the most significant monthly decrease, with 11.8 percent fewer home sales than in October 2004 ( Shelby County was up 38.6 percent in September).

Homes Sold

Counties
Oct '04
Oct '05
%Change
'04 YTD
'05 YTD
%Change
Boone
57
57
0.0%
714
740
3.6%
Hamilton
415
414
-0.2%
5,046
5,184
2.7%
Hancock
82
81
-1.2%
910
911
0.1%
Hendricks
184
192
4.3%
1,980
2,225
12.4%
Johnson
162
170
4.9%
1,937
2,069
6.8%
Madison
119
120
0.8%
1,455
1,426
-2.0%
Marion
1,114
1,304
17.1%
12,891
13,693
6.2%
Morgan
85
85
0.0%
838
896
6.9%
Shelby
51
45
-11.8%
546
492
-9.9%
Total
2,269
2,468
8.8%
26,317
27,636
5.0%

Nationally, pended home sales in September slipped slightly from August, but are still at the second highest level on record. The National Association of Realtors' Pending Home Sales Index, released Nov. 3, showed pended sales 3.3 percent higher than September 2004. The Midwest was up 0.3 percent in September 2005 and was 0.4 percent below September 2004.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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Editor's Note: All statistics were compiled by F.C. Tucker Company from a report drawn from MIBOR statistics on Nov. 9, 2005.