Home Sales Spike in Indianapolis Metro Area

IndyStar reports sales of homes in the greater Indianapolis area hit 2,307 in October, a 33 percent increase over the 1,735 homes sold in Oct. 2011. While sales jumped 24 percent in Indianapolis’ Marion County, neighboring Boone County saw a 49 percent spike, while Hamilton County, the wealthy suburb to the north experienced a 46 percent growth. Sales were up 31 percent in Hendricks County and 9.5 percent in Johnson County. According to the Metropolitan Indianapolis Board of Realtors (MIBOR), the median price of homes sold in the metro area increased two percent over last Oct. to $126,211. MHProNews has learned realtors reported the number of homes listed for sale rose to 3,006 in Oct. 2012 from 2,852 in Sept.

(Image credit: HousingWire)

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