Ryan Hart - Indianapolis North side 's Blog

September Market Update

Ryan Hart - Indianapolis North side (Sold By Hart!) — Mon, 20 Sep 2010 17:41:12 -0700

(INDIANAPOLIS, IN) – For the second month in a row, the Metropolitan Indianapolis Board of REALTORS® (MIBOR) and the Indiana Association of REALTORS® (IAR) have jointly released housing data pulled on the same day so that consistent, historical comparisons can be made between local markets. Both organizations today reported that the average sale price of homes remains strong.

When compared to the same three months in 2009, the average sale price of homes in central Indiana increased eight percent to $161,466 during June, July and August 2010. The average sale price during the past six months (March – August 2010) increased 7.2 percent, while the past 12 months (September 2009 – August 2010) saw an increase of 5.4 percent when compared to the same time periods in 2009. August 2010 compared to August 2009 gives the largest increase of 10.4 percent to $162,847.

Statewide, the average sale price of homes during August 2010 increased 5.9 percent to $139,804 when compared to August 2009.

The number of closed sales in central Indiana decreased by 19.5 percent in August 2010 when compared to August 2009, however this decline was not as sharp as July 2010 compared to July 2009. That decrease was 30.4 percent. The past 12 months (September 2009 – August 2010) saw a 2.1 percent increase in the number of closed sales when compared to September 2008 – August 2009.

Statewide, the number of closed sales during August 2010 decreased 19 percent when compared to August 2009.

“We often hear messages about the housing market that focus on the national picture. During the current economic environment, it is important to focus on the local housing indicators, which remain encouraging,” said Sue Applegate, 2010 MIBOR president. “Buyers in central Indiana have an opportunity to take advantage of historic low interest rates, which can provide more savings over the life of the mortgage than a one-time tax credit.”

“Nationally the real estate market is adjusting after the national tax-credit, but the market we are currently in has many advantages, more supply, historic low interest rates and less buyer competition,” said IAR CEO Karl Berron.

Additional key central Indiana findings:

Median sale price also continued to increase. During June – August 2010, median sale price increased 1.2 percent; the six-month comparison recorded a 4.2 percent increase and the 12-month comparison increased by 2.6 percent.
New listings decreased by 2.4 percent during the three-month comparison, increased six percent during the six-month comparison and increased 4.1 percent during the 12-month comparison.
Months of supply hovered at 9.4 months in August 2010.

Positive Central Indiana Housing Trends Continue

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 14 Jul 2010 19:35:46 -0700

Central Indiana home sales and other key housing indicators continued an upward trend in the last quarter, according to statistics released today by the Metropolitan Indianapolis Board of REALTORS®. Units sold and pended sales increased 15 percent and 10 percent, respectively, during March to May 2010. In the six-month comparison, units sold and pended sales increased 8 percent and 9 percent, respectively, while the 12-month comparison shows units sold increased by 7 percent and units pended increased by 9 percent.

Although positive, the pended sales activity did slow by more than half in the March–May time period. Pendeds recorded February-April jumped by 25 percent likely due to the pending expiration of the tax credit.

Total sales volume also continued to rise during the three-, six- and 12-month comparisons. During March to May 2010, total sales volume increased 26 percent to $1.03 billion when compared to the same period in 2009, marking the first time in 2010 that sales volume exceed $1 billion. Sales volume increased 20 percent to $1.63 billion in the six-month comparison and increased 11 percent to $3.69 billion in the 12-month comparison.

Additional key local findings:

Average sale price increased 10 percent to $146,581 during the three-month period, when compared to the same period in 2009. During December 2009 to May 2010, average sale price increased 11 percent compared to the previous six-month period. A year comparison shows an increase of 4 percent.
Months of available supply decreased for homes at every price point.
Months of supply, regardless of price point, was down to 8.3 months in June 2010 compared to 9.7 months in June 2009.
New listings during the three-month period increased by 13 percent from the same period in 2009.

“The pended sales show the expected slow down following the tax credit expiration, but decreased inventory and continued strong sales prices are encouraging,” noted Sue Applegate 2010 MIBOR President.

Hamilton County Housing Activity Increases

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 14 Jul 2010 19:34:40 -0700

Home sales and prices were on the rise in Hamilton County during February to April 2010, according to statistics released today by the Metropolitan Indianapolis Board of REALTORS®. During the February to April 2010, units sold increased 23 percent, when compared to the same period in 2009. In six- and twelve-month comparisons, units sold increased by 19 percent and 8 percent, respectively.

“It is encouraging to see double digit increases in all the key areas for the last three months,” said Sue Applegate, 2010 MIBOR president. “The federal tax credit deadline most likely attributed to a surge of home sales in April, so looking at the six- and 12-month windows help give an even more accurate picture of the whole real estate market.”

Months of supply in Hamilton County decreased to 6.9 months – the lowest in central Indiana – in April 2010, down from 8.4 months in 2009.

Examining central Indiana as a whole, total home sales, sales volume, average sale price and median sale price increased during the three-, six- and 12-month comparisons. In the three-month outlook, units sold and units pended increased 11 percent and 25 percent, respectively, when compared to the same period in 2009. In a six-month comparison, units sold and units pended increased by 10 percent and 15 percent, respectively. A 12-month comparison shows units sold and units pended increased by 4 percent and 10 percent, respectively.

Additional key local findings:

Hamilton County average sale price increased 10 percent during February to April 2010, decreased 5 percent during the six-month period ending in April and remained the same as the previous year.
Months of available supply in the 13-county area decreased for homes priced up to $750,000
Months of supply in central Indiana, regardless of price point, was down to 8.2 months in April 2010 compared to 9.1 months in April 2009
New listings in central Indiana during the three-month period increased by 19 percent from the same period in 2009
Central Indiana total sales volume increased 26 percent to $835 million in the three-month outlook, while average and median sale price increased 14 and 12 percent, respectively, during February to April 2010. In a 12-month comparison, total sales volume increased 7 percent to $3.62 billion, while average and median sale price both increased 3 percent.

May 2010 Market Data

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 14 Jul 2010 19:33:14 -0700

Average Sale Price

Months of Supply by County

Months of Supply by Price Point

Sold Properties by Price Point

First Quarter Home Sales, Market Activity Increase

Ryan Hart - Indianapolis North side (Sold By Hart!) — Mon, 10 May 2010 11:14:03 -0700

First Quarter Home Sales, Market Activity Increase
MIBOR releases three-, six- and 12-month central Indiana statistics

INDIANAPOLIS — Units sold in central Indiana increased in the quarterly, six-month and 12- month comparisons, according to statistics released today by the Metropolitan Indianapolis Board of REALTORS®. During first quarter 2010, homes sold increased to 4,634, a 1 percent increase when compared to first quarter 2009. A six-month comparison shows that units sold increased 13 percent to 11,016 when compared to October 2008-March 2009. When compared to the previous 12-month period, units sold increased 1 percent to 25,103.

Units pended, a key indicator of market activity, also increased 11 percent during first quarter 2010, when compared to the same period in 2009. The six- and twelve-month comparisons show an increase of 11 percent and 5 percent, respectively.

Additional key local findings:

Total sales volume during the first quarter increased 12 percent to $637 million.
Months of supply, regardless of price point, decreased to 8.2 months in March 2010 compared to 9.0 months in March 2009.
Average sale price increased 11 percent to $137,647 during first quarter when compared to the same period in 2009.
Median sale price increased 12 percent to $109,900 during first quarter 2010 when compared to the same period 2009.

March 2010 Market Data

Ryan Hart - Indianapolis North side (Sold By Hart!) — Mon, 10 May 2010 11:13:00 -0700

December 2009 Market Data

Ryan Hart - Indianapolis North side (Sold By Hart!) — Sun, 31 Jan 2010 11:40:28 -0800

Posted by Ryan Hart on January 31st, 2010 8:38 AMPost a Comment (0)

November 2009 Market Data

Ryan Hart - Indianapolis North side (Sold By Hart!) — Fri, 08 Jan 2010 10:22:54 -0800

Central Indiana Housing Statistics Continue Upward Trend 12/21/09

Ryan Hart - Indianapolis North side (Sold By Hart!) — Fri, 08 Jan 2010 10:21:41 -0800

INDIANAPOLIS — Double-digit increases dominated the market in November, according to statistics released today by the Metropolitan Indianapolis Board of REALTORS®. Both units sold and pended increased by 16 percent during the September to November 2009 period, when compared to the same period in 2008. Units sold and units pended also increased 6 and 9 percent, respectively, during the six-month period ending in November.

Total sales volume, average sale price and median sale price also increased during the three-month period. Total sales volume increased 19 percent to $950 million, while average and median sale price increased 2 and 4 percent, respectively.

Additional key local findings:

Months of available supply continue to decrease for homes priced under $75,000 up to $500,000
Months of supply, regardless of price point, were down to 7.8 months in November 2009 compared to 9.6 months in November 2008
New listings during the September to November 2009 period decreased by 5 percent from the same period in 2008

Indianapolis Market Watch for August 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Sat, 12 Sep 2009 15:20:56 -0700

Four Central Indiana counties report increased sales

August 2009 pended home sales match sales in August 2008

INDIANAPOLIS – More than 2,200 Central Indiana homes pended in August, with four counties reporting increases compared to the same time period last year, according to pended sales statistics compiled by F.C. Tucker Company.

August pended home sales in the nine-county area were down only 0.1 percent overall with 2,213 homes pended compared to 2,216 in August 2008. Johnson County posted a 17.8 percent increase, followed by Hancock County at 15.4 percent and Marion and Hamilton counties with 5.9 percent and 0.9 percent increase, respectively. Year to date, overall pended home sales are down 7.5 percent compared to the same timeframe in 2008.

Available homes for sale in the nine-county region dropped 16.3 percent in August 2009 with 16,068 homes on the market, 3,130 fewer homes than in August 2008. Two counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 20.0 percent, followed by Hancock County with 18.6 percent.

August housing statistics point to continued opportunities for buyers to take advantage of slightly lower housing prices across the nine-county Central Indiana region. The average year-to-date sales price for a home in the nine-county area was $138,748, 5.5 percent less than the same period last year.

“August home sales, virtually the same as last year, reflect the positive and steady rebound of the local real estate market,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “Attractive home prices, low interest rates and a first-time home buyer credit have made housing more affordable than it has been in the last two decades.”

Active Listings – Inventory

County	August 08	August 09	% Change
Boone	636	603	-5.2%
Hamilton	3,266	2,796	-14.4%
Hancock	733	597	-18.6%
Hendricks	1,434	1,222	-14.8%
Johnson	1,399	1,250	-10.7%
Madison	1,142	980	-14.2%
Marion	9,530	7,621	-20.0%
Morgan	669	626	-6.4%
Shelby	389	373	-4.1%
TOTAL	19,198	16,068	-16.3%

Pended single-family and condominium home sales

County	August 08	August 09	Month-to-Month % Change	Year-to-date % Change
Boone	68	54	-20.6%	-0.4%
Hamilton	428	432	0.9%	-7.7%
Hancock	65	75	15.4%	-12.3%
Hendricks	202	162	-19.8%	-8.6%
Johnson	146	172	17.8%	-0.5%
Madison	138	112	-18.8%	-6.5%
Marion	1,036	1,097	5.9%	-7.7%
Morgan	86	68	-20.9%	-9.9%
Shelby	47	41	-12.8%	-24.1%
TOTAL	2,216	2,213	-0.1%	-7.5%

Active Listings over Time

Month	Active Listings	% Change from Prior Year
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%
Mar-09	15,562	-15.6%
Apr-09	15,785	-16.9%
May-09	15,801	-18.0%
Jun-09	16,152	-17.5%
Jul-09	16,223	-16.8%
Aug-09	16,068	-16.3%

Average Sale Price

County	YTD August 08	YTD August 09	% Change
Boone	$254,498	$255,609	0.4%
Hamilton	$248,272	$226,066	-8.9%
Hancock	$138,568	$131,939	-4.8%
Hendricks	$161,161	$159,460	-1.1%
Johnson	$146,374	$138,617	-5.3%
Madison	$77,692	$71,842	-7.5%
Marion	$106,828	$104,199	-2.5%
Morgan	$134,955	$123,247	-8.7%
Shelby	$103,364	$82,094	-20.6%
Average	$146,805	$138,748	-5.5%

Indianapolis Market Watch for July 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 12 Aug 2009 17:41:02 -0700

2009 Three counties show improvement in Central Indiana housing market

July statistics point to areas with improved sales, overall shrinking inventory

INDIANAPOLIS– While overall pended home sales remain lower on a month-to-month and year-to-date basis in Central Indiana, three Indianapolis-area counties reported higher sales than the same time last year, according to pended sales statistics compiled by F.C.Tucker Company.

July pended home sales in the nine-county area were down 3.1 percent overall with 2,267 homes pending compared to 2,339 in July 2008. Johnson County posted a 1.3 percent increase, followed by Marion County and Hamilton County, with 1.1 percent and .7 percent increase, respectively. Year to date, overall pended home sales are down 9.1 percent compared to the same time frame in 2008.

Housing inventory in Central Indiana continued to drop in July with 16,223 homes on the market in the nine-county region, 3,267 fewer homes than in July 2008 – a 16.8 percent decrease overall in inventory. Marion County was the only county to experience above average inventory declines with a 21.5 percent decrease.

“While the Central Indiana real estate market continues to stabilize and improve, I believe the momentum we’ve gained in the past few months will carry through to the end of the year,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “The economy is picking up, and we’re seeing the light at the end of the tunnel.”

Average year-to-date home sale prices, down 11.8 percent from the July 2008 year-to-date figures, have shown a steady improvement since January 2009. In January 2009, the average year-to-date home sale price was $118,438; in July 2009, it was $136,943.

A recent USA Today survey indicated two-thirds of economists believe existing-home sales have hit bottom. Also, consumer spending has stabilized. Such signals are prompting 37 percent of economists to predict a moderate or fast recovery.

Active Listings –Inventory

County	July 08	July 09	% Change
Boone	649	615	-5.2%
Hamilton	3,307	2,851	-13.8%
Hancock	722	626	-13.3%
Hendricks	1,437	1,230	-14.4%
Johnson	1,405	1,295	-7.8%
Madison	1,140	963	-15.5%
Marion	9,772	7,673	-21.5%
Morgan	665	608	-8.6%
Shelby	393	362	-7.9%
TOTAL	19,490	16,223	-16.8%

Pended single-family and condominium home sales

County	July 08	July 09	Month-to-Month % Change	Year-to-date % Change
Boone	88	74	-15.9%	-0.6%
Hamilton	455	458	0.7%	-10.1%
Hancock	74	63	-14.9%	-17.3%
Hendricks	192	189	-1.6%	-7.4%
Johnson	157	159	1.3%	-4.0%
Madison	156	116	-25.6%	-4.0%
Marion	1,085	1,097	1.1%	-9.9%
Morgan	89	74	-16.9%	-8.5%
Shelby	43	37	-14.0%	-24.6%
TOTAL	2,339	2,267	-3.1%	-9.1%

Active Listings over Time

Month	Active Listings	% Change from Prior Year
Jul-08	19,335	-7.4%
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%
Mar-09	15,562	-15.6%
Apr-09	15,785	-16.9%
May-09	15,801	-18.0%
Jun-09	16,152	-17.5%
Jul-09	16,223	-16.8%

Average Sale Price

County	YTD July 08	YTD July 09	% Change
Boone	$257,359	$224,708	-12.7%
Hamilton	$251,116	$224,758	-10.5%
Hancock	$140,076	$129,801	-7.3%
Hendricks	$161,859	$159,435	-1.5%
Johnson	$147,717	$137,560	-6.9%
Madison	$77,603	$70,356	-9.3%
Marion	$106,589	$101,822	-4.5%
Morgan	$135,201	$122,492	-9.4%
Shelby	$103,174	$79,466	-23.0%
Average	$155,240	$136,943	-11.8%

Home Prices over Time

Month	YTD Average Sale Price	YTD % Change from Prior Year
Jan-09	$118,438	-12.6%
Feb-09	$120,880	-12.6%
Mar-09	$123,461	-12.4%
Apr-09	$123,813	-11.9%
May-09	$129,672	-9.5%
Jun-09	$135,408	-6.9%
Jul-09	$136,943	-11.8%

Indianapolis Market Watch for June 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Thu, 09 Jul 2009 22:40:03 -0700

2009 Two Central Indiana counties report increased sales in June

Available inventory in the nine-county region still low compared to 2008

INDIANAPOLIS– Nearly 2,300 Central Indiana homes pended in June, with two counties reporting increases compared to the same time period last year, according to pended sales statistics compiled by F.C. Tucker Company. Johnson County posted a 14.9 percent increase, and Marion County sales rose 4.9 percent.

June pended home sales in the nine-county area were down 1.4 percent with 2,298 homes pending compared to 2,330 in June 2008. Year to date, overall pended home sales are down 10.6 percent compared to the same timeframe in 2008.

Available homes for sale in the nine-county region dropped 17.5 percent in June 2009 with 16,152 homes on the market, 3,438 fewer homes than in June 2008. Two counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 22.4 percent, followed by Madison County with 19.1 percent.

“June home sales, down only 1.4 percent from last year, show a promising sign of a steady rebound of the local real estate market,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “Also, we are seeing more prospective home buyers, especially in the first-time buyer category, come off the sidelines and take a look at available inventory.”

June housing statistics point to continued opportunities for buyers to take advantage of lower housing prices across the nine-county Central Indiana region. The average year-to-date sales price for a home in the nine-county area was $135,408, 6.9 percent less than the same period last year. However, home sale prices have slowly increased from $118,438 in January 2009.

Active Listings – Inventory

County	June 08	June 09	% Change
Boone	647	616	-4.8%
Hamilton	3,363	2,914	-13.4%
Hancock	708	604	-14.7%
Hendricks	1,436	1,195	-16.8%
Johnson	1,411	1,284	-9.0%
Madison	1,169	946	-19.1%
Marion	9,796	7,605	-22.4%
Morgan	684	628	-8.2%
Shelby	376	360	-4.3%
TOTAL	19,590	16,152	-17.5%

Pended single-family and condominium home sales

County	June 08	June 09	Month-to-Month % Change	Year-to-date % Change
Boone	64	61	-4.7%	3.5%
Hamilton	475	426	-10.3%	-13.6%
Hancock	85	68	-20.0%	-15.7%
Hendricks	230	199	-13.5%	-10.0%
Johnson	174	200	14.9%	-5.2%
Madison	126	123	-2.4%	2.0%
Marion	1,072	1,124	4.9%	-11.6%
Morgan	69	64	-7.2%	-8.4%
Shelby	35	33	-5.7%	-26.4%
TOTAL	2,330	2,298	-1.4%	-10.6%

Active Listings over Time

Month	Active Listings	% Change from Prior Year
Jun-08	19,412	-6.6%
Jul-08	19,335	-7.4%
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%
Mar-09	15,562	-15.6%
Apr-09	15,785	-16.9%
May-09	15,801	-18.0%
June-09	16,152	-17.5%

Average Sale Price

County	YTD June 08	YTD June 09	% Change
Boone	$256,825	$227,052	-11.6%
Hamilton	$249,021	$221,363	-11.1%
Hancock	$137,801	$128,369	-6.8%
Hendricks	$161,611	$160,662	-0.6%
Johnson	$147,226	$137,968	-6.3%
Madison	$75,780	$68,345	-9.8%
Marion	$105,132	$101,110	-3.8%
Morgan	$135,964	$121,595	-10.6%
Shelby	$100,442	$78,308	-22.0%
Average	$145,424	$135,408	-6.9%

Home Prices over Time

Month	YTD Average Sale Price	YTD % Change from Prior Year
Jan-09	$118,438	-12.6%
Feb-09	$120,880	-12.6%
Mar-09	$123,461	-12.4%
Apr-09	$123,813	-11.9%
May-09	$129,672	-9.5%
Jun-09	$135,408	-6.9%

Indianapolis Market Watch for May 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Thu, 18 Jun 2009 19:44:28 -0700

2009 Two Central Indiana counties report increased sales in May

Available inventory in the nine-county region continues to drop

INDIANAPOLIS – More than 2,200 Central Indiana homes pended in May, with two counties reporting increases compared to the same time period last year, according to pended sales statistics compiled by F.C. Tucker Company. Boone County posted a 32.4 percent increase, and Madison County sales rose 2.5 percent.

May pended home sales in the nine-county area were down 11 percent with 2,227 homes pending compared to 2,501 in May 2008. Year to date, overall pended home sales are down 12.8 percent compared to the same time frame in 2008.

Available homes for sale in the nine-county region dropped 18 percent in May 2009 with 15,801 homes on the market, 3,458 fewer homes than in May 2008. Four counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 23.7 percent, followed by Madison County with 19.2 percent and Hancock and Hendricks counties with 18.3 and 18.2 percent, respectively.

“Home inventory levels have consistently dropped over the past 12 months, and we’re nearing a balanced, six-month inventory level,” said John Snavley, Senior Vice President of F.C.Tucker Company. “At current pricing levels, with new homebuyer incentives and low mortgages rates, this is an excellent time to buy a home in Central Indiana.”

Even national pundits are stressing that in today’s real estate market, now is the time to buy. Recently, CNBC Mad Money host Jim Cramer commented on the nation’s state of th eeconomy and real estate market, saying “I think that real estate is a once-in-a-lifetime opportunity… mortgage rates are the lowest in my life, affordability is the best in my life. Clearly, real estate is much better than stocks right now.”

Active Listings -Inventory

County	May 08	May 09	% Change
Boone	620	592	-4.5%
Hamilton	3,230	2,888	-10.6%
Hancock	721	589	-18.3%
Hendricks	1,410	1,154	-18.2%
Johnson	1,396	1,312	-6.0%
Madison	1,138	919	-19.2%
Marion	9,717	7,414	-23.7%
Morgan	667	594	-10.9%
Shelby	360	339	-5.8%
TOTAL	19,259	15,801	-18.0%

Pended single-family and condominium home sales

County	May 08	May 09	Month-to-Month % Change	Year-to-date % Change
Boone	68	90	32.4%	4.8%
Hamilton	523	447	-14.5%	-15.7%
Hancock	65	57	-12.3%	-16.8%
Hendricks	235	210	-10.6%	-10.0%
Johnson	197	180	-8.6%	-12.2%
Madison	122	125	2.5%	2.1%
Marion	1,184	1,030	-13.0%	-14.0%
Morgan	60	54	-10.0%	-9.9%
Shelby	47	34	-27.7%	-27.5%
TOTAL	2,501	2,227	-11.0%	-12.8%

Active Listings over Time

Month	Active Listings	% Change from Prior Year
May-08	19,218	-4.1%
Jun-08	19,412	-6.6%
Jul-08	19,335	-7.4%
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%
Mar-09	15,562	-15.6%
Apr-09	15,785	-16.9%
May-09	15,801	-18.0%

Average Sale Price

County	YTD May 08	YTD May 09	% Change
Boone	$254,781	$236,591	-7.1%
Hamilton	$250,339	$215,413	-14.0%
Hancock	$136,002	$127,393	-6.3%
Hendricks	$160,519	$160,165	-0.2%
Johnson	$143,940	$133,903	-7.0%
Madison	$76,623	$67,192	-12.3%
Marion	$102,349	$94,867	-7.3%
Morgan	$139,043	$120,081	-13.6%
Shelby	$95,672	$72,617	-24.1%
Average	$143,312	$129,672	-9.5%

Indianapolis Market Watch for April 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Thu, 21 May 2009 16:03:08 -0700

2009 Decreasing home inventory nearing six-month supply

$8,000 tax credit encouraging first-time homebuyers to get off sidelines

INDIANAPOLIS – April housing statistics point to continued opportunities for buyers to take advantage of lower housing prices across Central Indiana, while a decrease in available inventory shows steady progress to a more balanced market between buyers and sellers, according to pended sales statistics compiled by F.C. Tucker Company.

Available homes for sale in the nine-county region dropped 16.9 percent in April 2009 with 15,785 homes on the market, 3,211 fewer homes than in April 2008. Three counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 22.8 percent, followed by Madison County with 20.8 percent and Hancock County with 17.6 percent.

Home sales continue to trail last year’s levels. Madison County posted the only increase in pended home sales over April 2008 at 18.5 percent. In April, 2,272 homes have pended, 10.8 percent less than the same time in 2008. The average sales price is down 11.9 percent from April 2008, decreasing from $140,477 to $123,813.

A recent poll of Tucker sales associates showed 62 percent of their customers were first-time buyers prompted by the $8,000 federal tax credit. The first-time homebuyer’s credit includes no repayment and credit recapture on the sale within three years of purchase.

Active Listings -Inventory

County	April 08	April 09	% Change
Boone	579	608	5.0%
Hamilton	3,205	2,912	-9.1%
Hancock	695	573	-17.6%
Hendricks	1,400	1,190	-15.0%
Johnson	1,363	1,314	-3.6%
Madison	1,095	867	-20.8%
Marion	9,610	7,416	-22.8%
Morgan	671	584	-13.0%
Shelby	378	321	-15.1%
TOTAL	18,996	15,785	-16.9%

Pended single-family and condominium home sales

County	April 08	April 09	Month-to-Month % Change	Year-to-date % Change
Boone	75	65	-13.3%	-3.7%
Hamilton	473	423	-10.6%	-17.7%
Hancock	81	65	-19.8%	-19.1%
Hendricks	229	185	-19.2%	-10.4%
Johnson	199	181	-9.0%	-14.9%
Madison	124	147	18.5%	4.9%
Marion	1,243	1,104	-11.2%	-13.8%
Morgan	80	69	-13.8%	-8.4%
Shelby	44	33	-25.0%	-23.1%
TOTAL	2,548	2,272	-10.8%	-13.3%

Active Listings over Time

Month	Active Listings	% Change from Prior Year
Apr-08	18,996	-1.8%
May-08	19,218	-4.1%
Jun-08	19,412	-6.6%
Jul-08	19,335	-7.4%
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%
Mar-09	15,562	-15.6%
Apr-09	15,785	-16.9%

Average Sale Price

County	YTD April 08	YTD April 09	% Change
Boone	$257,258	$228,918	-11.0%
Hamilton	$251,156	$211,315	-15.9%
Hancock	$133,863	$119,919	-10.4%
Hendricks	$159,825	$157,129	-1.7%
Johnson	$139,126	$131,270	-5.6%
Madison	$77,645	$61,573	-20.7%
Marion	$99,376	$90,360	-9.1%
Morgan	$130,793	$113,281	-13.4%
Shelby	$94,106	$73,976	-21.4%
Average	$140,477	$123,813	-11.9%

Indianapolis Market Watch for March 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Sun, 12 Apr 2009 08:41:54 -0700

2009 Home sales in some areas of Central Indiana on the rise

Five of nine counties show increased sales over March 2008

INDIANAPOLIS – Home sales in Central Indiana are starting to improve in some areas of Central Indiana as the spring home-buying season begins. According to pended sales statistics compiled by F.C. Tucker Company, nearly 2,300 Central Indiana homes pended in March, with five of the nine counties reporting significant increases compared to the same time last year.

Madison County posted the highest pended home sales increase over March 2008 with 33.6 percent, followed by Boone County with 30.5 percent. Other counties showing a rise in sales included Johnson County (14.6 percent), Hancock County (11.7 percent) and Hendricks County(9.9 percent).

“We hope the encouraging March numbers in select areas of central Indiana are an indication the local housing market is gaining momentum, and will continue to improve throughout the year,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “We are seeing more prospective home buyers, especially in the first-time buyer category, come off the sidelines and take a look at the inventory available. We are pleased to see overall Central Indiana inventory declining significantly, a 15.6 percent decrease over last year at this time. Less inventory and increased demand brings better balance and more consumer confidence to the market.”

To date, 5,466 homes have pended in 2009, 14.1 percent less than the same time in 2008. The average sales price is down 12.4 percent from March 2008, decreasing from $140,878 to $123,461.

Available homes for sale in the nine-county region dropped 15.6 percent in March 2009 with 15,562 homes on the market, 2,881 fewer homes than in March 2008. Four counties experienced above average inventory declines. Marion County experienced the greatest decrease in inventory at 21.4 percent, followed by Hendricks County with 19.3 percent, then Madison County and Shelby County with 18.7 percent and 17.6 percent, respectively.

Pended single-family and condominium home sales

County	March 08	March 09	Month-to-Month % Change	Year-to-date % Change
Boone	59	77	30.5%	-1.2%
Hamilton	467	368	-21.2%	-22.4%
Hancock	77	86	11.7%	-18.5%
Hendricks	181	199	9.9%	-6.3%
Johnson	158	181	14.6%	-18.9%
Madison	107	143	33.6%	4.0%
Marion	1,193	1,142	-4.3%	-13.8%
Morgan	71	63	-11.3%	-9.8%
Shelby	49	39	-20.4%	-18.1%
TOTAL	2,362	2,298	-2.7%	-14.1%

Active Listings -Inventory

County	March 08	March 09	% Change
Boone	538	584	8.6%
Hamilton	3,015	2,825	-6.3%
Hancock	648	565	-12.8%
Hendricks	1,394	1,125	-19.3%
Johnson	1,318	1,280	-2.9%
Madison	1,053	856	-18.7%
Marion	9,466	7,441	-21.4%
Morgan	631	573	-9.2%
Shelby	380	313	-17.6%
TOTAL	18,443	15,562	-15.6%

Active Listings over Time

Month	Active Listings	% Change
Mar-08	18,405	-0.9%
Apr-08	18,996	-1.8%
May-08	19,218	-4.1%
Jun-08	19,412	-6.6%
Jul-08	19,335	-7.4%
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%
Mar-09	15,562	-15.6%

Average Sale Price

County	YTD March 08	YTD March 09	% Change
Boone	$263,971	$253,528	-4.0%
Hamilton	$253,303	$215,705	-14.8%
Hancock	$135,657	$113,331	-16.5%
Hendricks	$163,556	$155,437	-5.0%
Johnson	$139,716	$130,620	-6.5%
Madison	$75,087	$63,843	-15.0%
Marion	$97,118	$90,164	-7.2%
Morgan	$128,238	$115,003	-10.3%
Shelby	$97,195	$70,240	-27.7%
Average	$140,878	$123,461	-12.4%

Indianapolis Market Watch for February 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Thu, 19 Mar 2009 23:26:25 -0700

2009 Two Central Indiana counties report increased sales in February

Available inventory in the nine-county region continues to drop

INDIANAPOLIS – More than 1,600 Central Indiana homes pended in February, with two counties reporting significant increases compared to the same time period last year, according to pended sales statistics compiled by F.C. Tucker Company. Madison County posted a 14.7 percent increase, and Boone County sales rose 11.4 percent.

February pended home sales in the nine-county area were down 20.6 percent with 1,643 homes pending compared to 2,069 in February 2008. Year to date, overall pended home sales are down 19.6 percent compared to the same timeframe in 2008.

Available homes for sale in the nine-county region dropped 14.3 percent in February 2009 with 15,377 homes on the market, 2,566 fewer homes than in February 2008. Three counties experienced significant inventory declines. Shelby County experienced the greatest decrease in inventory at -23.4 percent, followed by Marion County with -20.4 percent and Hendricks County at -17.2 percent.

“The continual drop in inventory is a good sign for the overall market,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “It’s a strong signal that our local market is strengthening.”

Tucker’s data also indicates that one Central Indiana county – Johnson County – saw an increase in average home prices for the second consecutive month, compared to January and February of last year. Homes in Johnson County sold for an average of $141,208 in February 2009, compared to $135,178 the February 2008, a 4.5 percent increase in the average home sales price.

“Conditions have been improving for home buyers,” said Litten, “Improved affordability, low interest rates and first–time buyer tax credits are catching the attention of buyers who may have otherwise waited on the sidelines.”

Pended single-family and condominium home sales

County	February 08	February 09	Month-to-Month % Change	Year-to-date % Change
Boone	44	49	11.4%	-18.3%
Hamilton	400	294	-26.5%	-24.1%
Hancock	72	52	-27.8%	-30.3%
Hendricks	171	148	-13.5%	-16.8%
Johnson	165	107	-35.2%	-34.1%
Madison	102	117	14.7%	-7.3%
Marion	1,022	800	-21.7%	-17.1%
Morgan	57	46	-19.3%	-8.9%
Shelby	36	30	-16.7%	-23.9%
TOTAL	2,069	1,643	-20.6%	-19.6%

Active Listings -Inventory

County	February 08	February 09	% Change
Boone	517	583	12.8%
Hamilton	2,889	2,728	-5.6%
Hancock	629	579	-7.9%
Hendricks	1,316	1,089	-17.2%
Johnson	1,255	1,246	-0.7%
Madison	1,035	894	-13.6%
Marion	9,305	7,408	-20.4%
Morgan	608	552	-9.2%
Shelby	389	298	-23.4%
TOTAL	17,943	15,377	-14.3%

Active Listings over Time

Month	Active Listings	% Change
Feb-08	18,103	4.7%
Mar-08	18,405	-0.9%
Apr-08	18,996	-1.8%
May-08	19,218	-4.1%
Jun-08	19,412	-6.6%
Jul-08	19,335	-7.4%
Aug-08	18,828	-10.9%
Sep-08	18,393	-12.2%
Oct-08	17,746	-12.7%
Nov-08	16,792	-13.0%
Dec-08	15,560	-14.3%
Jan-09	15,415	-14.5%
Feb-09	15,377	-14.3%

Average Sale Price

County	YTD February 08	YTD February 09	% Change
Boone	$263,612	$240,047	-8.9%
Hamilton	$253,381	$219,937	-13.2%
Hancock	$141,224	$114,107	-19.2%
Hendricks	$157,869	$147,562	-6.5%
Johnson	$135,178	$141,208	4.5%
Madison	$75,975	$55,928	-26.4%
Marion	$95,360	$85,759	-10.1%
Morgan	$130,830	$113,167	-13.5%
Shelby	$104,335	$56,906	-45.5%
Average	$138,276	$120,880	-12.6%

Indianapolis Market Watch for January 2009

Ryan Hart - Indianapolis North side (Sold By Hart!) — Fri, 06 Mar 2009 09:42:21 -0800

2009 14 percent decrease in homes for sale is good news for homeowners

Buyers and sellers both encouraged by recent changes

INDIANAPOLIS– Available homes for sale in the nine-county region dropped 14.5 percent in January 2009 with 2,613 fewer homes on the market than in January 2008. Total homes available for sale in January were 15,415, according to active listing statistics compiled by F.C. Tucker Company. Hendricks County, Shelby County and Marion County experienced the greatest decrease in inventory, with -22 percent, -20.5 percent and -19.7 percent, respectively. With fewer homes on the market, sellers are in a better position to transition to another home.

First-time home buyers also received good news this week with President Obama’s signing of the American Recovery and Reinvestment Act which includes a revised first-time home buyer’s credit effective for home purchases from Jan. 1, 2009 to Dec. 1, 2009. Differences from the 2008 first-time home buyer’s credit include no repayment and credit recapture on the sale within three years of purchase.

While the average number of pended homes sales in Central Indiana was down 19.2 percent overall in January 2009 compared to the same time last year, one Indianapolis-area county reported higher sales. Morgan County showed improvement over other counties in the nine-county region F.C.Tucker surveys, reporting a 9.1 percent increase in home sales.

This past January, 1,562 homes sold (pended) in Central Indiana. One year ago in January 2008, Central Indiana consumers purchased 1,934 homes. Litten said, “There’s still a great deal of buying activity, but it is still not at the levels we have come to expect.”

“As we move into the busy home-buying and selling season of spring, I expect more first-time home buyers will enter the market to take advantage of the new $8,000 tax credit,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “I’m also hopeful that Central Indiana’s competitive home prices, coupled with efforts by the Federal government to stimulate the economy, will boost consumer confidence and motivate consumers to get off the sidelines.”

Tucker’s just-released data also shows that two Indianapolis areas saw increases in average home prices. Homes in Johnson County sold for an average of $154,239 in January 2009, compared to $136,042 in January 2008, a 13.4 percent increase in the average home sales price. Also, Boone County showed a 3.1 percent increase in home sales price, bringing the average homeprice to $291,058.

As the tax season nears, Litten reminds buyers that there are additional advantages to purchasing a home. “Beyond the mortgage interest and real estate tax exemptions on your tax returns, homeowners may also qualify for residential energy credits of up to 30 percent of the cost for certain home improvements, including equipment and installation for solar electric power, solar water heating, wind energy and more," said Litten.

Active Listings -Inventory

County	January 08	January 09	% Change
Boone	487	577	18.5%
Hamilton	2,850	2,650	-7.0%
Hancock	652	578	-11.3%
Hendricks	1,330	1,037	-22.0%
Johnson	1,260	1,186	-5.9%
Madison	1,015	950	-6.4%
Marion	9,454	7,593	-19.7%
Morgan	600	542	-9.7%
Shelby	380	302	-20.5%
TOTAL	18,028	15,415	-14.5%

Pended single-family and condominium home sales

County	January 08	January 09	% Change	Year-to-date % Change
Boone	65	37	-43.1%	-43.1%
Hamilton	352	267	-24.1%	-24.1%
Hancock	74	47	-36.5%	-36.5%
Hendricks	169	134	-20.7%	-20.7%
Johnson	158	99	-37.3%	-37.3%
Madison	117	93	-20.5%	-20.5%
Marion	913	801	-12.3%	-12.3%
Morgan	55	60	9.1%	9.1%
Shelby	31	24	-22.6%	-22.6%
TOTAL	1,934	1,562	-19.2%	-19.2%

Average Sale Price

County	January 08	January 09	# Change	% Change
Boone	$282,338	$291,058	$8,720	3.1%
Hamilton	$256,890	$220,052	-$36,838	-14.3%
Hancock	$135,580	$96,298	-$39,282	-29.0%
Hendricks	$146,826	$142,187	-$4,639	-3.2%
Johnson	$136,042	$154,239	$18,197	13.4%
Madison	$70,533	$60,624	-$9,909	-14.0%
Marion	$91,021	$81,780	-$9,241	-10.2%
Morgan	$125,315	$123,108	-$2,207	-1.8%
Shelby	$95,719	$63,767	-$31,952	-33.4%
Average	$135,449	$118,438	-$17,011	-12.6%

Indianapolis Market Watch for December 2008

Ryan Hart - Indianapolis North side (Sold By Hart!) — Tue, 20 Jan 2009 17:12:24 -0800

Three Central Indiana counties see increase in home sales

Decreasing housing inventory, stable sales prices assist sellers, but still a buyer’s market

INDIANAPOLIS – While overall home sales remain lower on amonth-to-month and year-to-date basis in Central Indiana,three Indianapolis-area counties reported higher sales in December 2008 thanthe same time in 2007, according to finalized pended sales statistics compiled byF.C. Tucker Company. Hancock, Johnson and Marion counties showed improvementover other counties in the nine-county region F.C. Tucker serves.

Available homes for sale dropped 14.3 percent in December 2008 with 2,605 fewer homes on the market than in December 2007. Total homes available for sale at year-end were 15,600. Marion County and Hendricks County experienced the greatest decrease in inventory at 19.2 percent each.

Current interest rates are hovering around 5 percent for a 30-year, fixed-rate loan, and with the Federal Reserve’s MBS (mortgage-backed securities) buying program in full swing, many experts believe that mortgage rates will stay down for the foreseeable future.

“We continue to be encouraged by the decline in inventory in Central Indiana,”said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “As available inventory declines, we hope to see pricing firm up. Also, as interest rates remain historically low, consumer confidence will continue to grow.”

Homes remained on the market an average of 92 days in December, only a 2.2 percent increase comparing year-to-date figures from 2007 and 2008. Four counties – Hancock, Hendricks, Johnson and Madison – showed a decrease in days on the market, compared to December 2007. Madison County boasted the largest change, shaving off an average of six days on the market.

Madison County also showed a 7.4 percent increase in average home sales price in December 2008, compared to December 2007. Home inventory in the county decreased 7.9 percent over the same time frame. Litten is optimistic the trend will continue into 2009.

Pended single-family and condominium home sales

County	December 07	December 08	% Change	Year-to-date % Change
Boone	42	41	-2.4%	-14.3%
Hamilton	237	225	-5.1%	-11.3%
Hancock	56	58	3.6%	-14.6%
Hendricks	125	92	-26.4%	-7.8%
Johnson	112	118	5.4%	-12.0%
Madison	83	66	-20.5%	-15.7%
Marion	729	746	2.3%	-10.4%
Morgan	40	39	-2.5%	-9.9%
Shelby	28	26	-7.1%	-9.1%
TOTAL	1,452	1,411	-2.8%	-11.0%

Active Listings -Inventory

County	December 07	December 08	% Change
Boone	516	543	5.2%
Hamilton	2,808	2,609	-7.1%
Hancock	644	594	-7.8%
Hendricks	1,336	1,080	-19.2%
Johnson	1,262	1,159	-8.2%
Madison	1,084	998	-7.9%
Marion	9,519	7,695	-19.2%
Morgan	614	562	-8.5%
Shelby	382	320	-16.2%
TOTAL	18,165	15,560	-14.3%

2008 Year End Market Watch

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 07 Jan 2009 20:52:59 -0800

2008 F.C. Tucker market analysis shows reductions in available housing inventory in 2008;

Predicts slight Central Indiana real estate market improvement in 2009

INDIANAPOLIS – Month after month, Central Indiana housing inventory steadily declined during 2008, with November showing a 13 percent drop, or 2,513 fewer homes on the market, compared to the same time last year, according to active listings statistics compiled December 8 by F.C. Tucker Company. Of the nine counties Tucker tracks, Hendricks County showed the largest decrease in inventory at -19.6 percent.

“As the number of homes available reaches a six-month supply in 2009, we will finally see a supply/demand correction of the local housing market,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “Our current inventory is less than eight months, so the opportunity for central Indiana real estate to rebound gets closer and closer. Today, it remains a buyers’ market, and with low interest rates, more and more buyers are seriously looking.”

Tucker estimates that nearly 25,000 homes will be pended in the nine-county region by year-end. The average year-to-date sales price remained off 5 percent for the year; in November, the average price for a home was $145,014. Tucker estimates that the 5 percent decrease in the average sales price will track through December. Litten said, “Central Indiana’s housing afford ability index, according to the National Association of Home Builders, is one of the best in the nation, and our afford ability bodes well for an earlier recovery than some areas of the country.”

Of the nine counties, Hendricks County showed the least decline in homes pended in November, with 6.9 percent fewer homes pended compared to the same time last year. Hancock County showed the highest decline in November with 16.4 percent fewer homes pended compared to the same time last year. For this year, home sales are down 11 percent.

“As we reflect on 2008 and the challenges facing our nation, and the Central Indiana real estate market in particular, we can take comfort knowing that economic downturns don’t last forever,” added Litten. “I believe efforts to reform the nation’s lending practices will strengthen consumer confidence in 2009. Moreover, Central Indiana continues to have a strong economic base of business activity and one of the steadiest real estate markets in the nation. I am optimistic that we’ll see improvement in 2009.”

¡ An increase in real estate sales in 2009 over 2008 numbers. According to panelists from Indiana University’s annual business outlook, Indianapolis should see more positive numbers for Indianapolis in the fourth quarter. Our market could rebound more quickly than other U.S.cities, primarily due to our nationally recognized affordability.

Pended single-family and condominium home sales

County	November 07	November 08	% Change	Year-to-date % Change
Boone	61	40	-34.4%	-15.3%
Hamilton	288	240	-16.7%	-11.8%
Hancock	76	57	-25.0%	-16.4%
Hendricks	136	124	-8.8%	-6.9%
Johnson	140	96	-31.4%	-13.0%
Madison	109	86	-21.1%	-15.3%
Marion	827	734	-11.2%	-10.8%
Morgan	66	46	-30.3%	-11.1%
Shelby	34	27	-20.6%	-9.0%
TOTAL	1,737	1,450	-16.5%	-11.4%

Active Listings - Inventory

County	November 07	November 08	% Change
Boone	556	598	7.6%
Hamilton	2,961	2,797	-5.5%
Hancock	679	634	-6.6%
Hendricks	1,435	1,154	-19.6%
Johnson	1,317	1,275	-3.2%
Madison	1,141	1,068	-6.4%
Marion	10,159	8,288	-18.4%
Morgan	653	616	-5.7%
Shelby	404	362	-10.4%
TOTAL	19,305	16,792	-13.0%

Sold By Hart 2009 Market Predictions

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 07 Jan 2009 20:51:45 -0800

An increase in real estate sales in 2009 over 2008 numbers. According to panelists from Indiana University’s annual business outlook, Indianapolis should see more positive numbers for Indianapolis in the fourth quarter. Our market could rebound more quickly than other U.S. cities, primarily due to our nationally recognized affordability.

Housing prices stabilizing at 2008 levels. Even in a year of significant foreclosures from the sub-prime debacle, the average home price in Central Indiana only dipped five percent, compared to some areas in the country such as California, Florida and Nevada that are down more than 20 percent. Because of the current slowdown, there is a tremendous amount of pent-up demand for buyers waiting on the sidelines. Sales are moving for people who need a home, and as prices level off, we will see an equilibrating of supply and demand in the housing market.

Residential real estate inventory declining further until Central Indiana reaches a six-month supply in late 2009. Despite being a buyer’s market, sellers are encouraged because inventory is decreasing – which means less competition.

Interest rates to remain low in 2009. The Federal Reserve cut interest rates nine times in 2008, leaving rates at record lows heading into 2009. Also, contrary to popular belief, banks are still lending money, and there will continue to be unprecedented buying opportunities in Central Indiana through much of 2009.

A new administration in Washington will bring positive change. In January, Americans will welcome a new administration, allowing a fresh start in 2009. President-elect Obama will immediately focus on creating jobs and providing much needed relief for American families. Homeowners can take heart that Obama intends to provide direct, immediate assistance by reforming the bankruptcy code, enacting a 90-day foreclosure moratorium and providing state fiscal relief to aid in property tax increases, among other initiatives.

Home Improvement Value Newsletter

Ryan Hart - Indianapolis North side (Sold By Hart!) — Wed, 07 Jan 2009 20:50:51 -0800

Are You Considering a Major Home Improvement Project in the Near Future ? There are possible considerations when weighing the cost of the project versus the possible value that might be added to your home as a result of making the improvement.

Every year, REALTOR magazine evaluates the potential paybacks that a homeowner might enjoy as a result of a variety of home remodeling projects. In the December 2008 issue of the magazine, there is an assessment of the possible “top” home improvement projects that could possibly improve the marketability and value of a home, based upon several criteria. The assessment is based upon the region of the country where the home is located (Indiana being considered as East North Central), and midrange versus upscale remodeling projects (reflective of the cost range of the project).

The article described the top ten project paybacks as being “replacement projects that boost curb appeal--- siding, windows, and decks”. It also stated “only kitchen remodels can compare, at least on a national basis”. The following details illustrate the findings from REALTOR magazine relative to remodeling projects for decks, siding, windows, and kitchens, as well as other select projects:

Remodel Type Upscale Cost / % Value Retained Midrange Cost / % Value Retained

Composite Deck Addition $37,893 / $20,747 – 54.8% $15,440 / $9,910 – 64.2%

Wood Deck Addition $10,534 / $7,263 – 68.9%

Fiber Cement Siding $12,965 / $10,279 – 79.3%

Vinyl Siding $12,184 / $9,061 - 74.4% $10,398 / $7,591 – 73.0%

Wood Windows $18,276 / $12,127 – 66.4% $12,117 / $8,156 – 67.3%

Vinyl Windows $14,322 / $9,806 – 68.5% $11,077 / $7,429 – 67.1%

Kitchen (Major Remodel) $113,056 / $70,703 – 62.5% $58,253 / $38,726 – 66.5%

Kitchen (Minor Remodel) $21,759 / $15,038 – 69.1%

Roofing $39,144 / $20,594 – 52.6% $20,227 / $11,056 – 54.7%

There are a number of other possible remodeling projects that are discussed and detailed among the statistics provided in REALTOR’S article titled “Remodeling’s Cost vs. Value Report by Hanley Wood LLC. It is always important to understand that there is not only the consideration of possible paybacks on these types of projects, but possibly more important, many of the remodeling projects become imperative for a Seller’s home to be competitive in buyer’s market.

If you are contemplating a remodeling project, please feel free to contact me to discuss the merits of completing the project prior to selling your home in the future. I am always available to help you assess your options and I hope you will not ever hesitate to call me for assistance.

Indianapolis Market Watch for October 2008

Ryan Hart - Indianapolis North side (Sold By Hart!) — Sat, 29 Nov 2008 10:58:37 -0800

2008 Decreasing home inventory still indicative of buyers’ market

INDIANAPOLIS – October housing statistics point to continued opportunities for buyers to take advantage of lower housing prices across Central Indiana, while a decrease in available inventory reduces competition among sellers, according to pended sales statistics compiled by F.C. Tucker Company.

“Contrary to perception,mortgage money is widely available and rates are quite good. Combined with a steady demand for housing, we are seeing the number of homes for sale in Central Indiana continue to drop,” said Donna Kreps, Executive Vice President of Tucker's Residential Real Estate Services Division. “Home buyers are still experiencing unprecedented opportunities throughout Central Indiana.”

Available homes for sale dropped 12.7 percent in October with 17,746 homes on the market, 2,582 fewer homes than in October 2007. Marion County experienced the greatest decrease in inventory at 18.5 percent.

Central Indiana homes are holding their value better than other real estate markets. The average year-to-date sales price for a home in the nine-county area was $145,779, 5.2 percent less than what was reported in October 2007. In comparison, the latest data from the National Association of REALTORS® reported the national average year-to-date sales price was 9 percent lower than the same period last year, as of September 2008.

Of the nine counties, Hancock County was the only one to experience an increase in homes sold in October, with a 23.8 percent increase in sales compared to the same time last year.

The average number of days on the market is 93 days, a 6.9 percent increase comparing year-to-date figures from 2007 and 2008. Hamilton County boasts the shortest amount of time – 83 days– for homes on the market through October 2008.

Pended single-family and condominium home sales

County	October 07	October 08	% Change	Year-to-date % Change
Boone	78	38	-51.3%	-14.4%
Hamilton	398	289	-27.4%	-12.2%
Hancock	63	78	23.8%	-15.2%
Hendricks	154	138	-10.4%	-7.4%
Johnson	164	127	-22.6%	-13.2%
Madison	147	101	-31.3%	-15.1%
Marion	991	974	-1.7%	-10.6%
Morgan	67	61	-9.0%	-10.5%
Shelby	33	32	-3.0%	-7.6%
TOTAL	2,095	1,838	-12.3%	-11.3%

Active Listings -Inventory

County	October 07	October 08	% Change
Boone	603	641	6.3%
Hamilton	3,095	2,993	-3.3%
Hancock	714	676	-5.3%
Hendricks	1,522	1,280	-15.9%
Johnson	1,410	1,321	-6.3%
Madison	1,231	1,108	-10.0%
Marion	10,664	8,694	-18.5%
Morgan	683	651	-4.7%
Shelby	406	382	-5.9%
TOTAL	20,328	17,746	-12.7%

Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Propertylinx statistics on November 7, 2008. Pending means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.

Indianapolis Market Watch for September 2008

Ryan Hart - Indianapolis North side (Sold By Hart!) — Sat, 29 Nov 2008 10:57:46 -0800

2008 Six Central Indiana counties report increased sales in September

Year-to-date sales still down compared to 2007

INDIANAPOLIS – Indiana continues to ride the real estate tide, as indicated by an increase in home sales in several more central Indiana counties in September, while maintaining an overall year-to-date decline compared to the same period in 2007, according to pended sales statistics compiled by F.C. Tucker Company. In last month’s Tucker report, two counties saw an increase in sales on a year-to-date comparison. Another bright spot in the central Indiana real estate market is the continued shrinking inventory of homes on the market in the nine-county region, offering a ray of hope to current sellers.

Boone County is the strongest market with an impressive 41.9 percent increase in sales of single family homes and condominiums last month compared to a year ago. Following Boone are Shelby County with a growth of 15.0 percent, Morgan with a 12.3 percent growth, Johnson increasing by 7.9 percent and Hamilton and Marion county home sales growing by 2.5 percent and 2.0 percent, respectively.

Although September showed signs of improvement and stayed nearly the same as last year, dipping only 0.1 percent below September 2007, year-to-date sales figures remain off an average of 11.1 percent in the central Indiana market.

“In these difficult economic times, your home continues to be the strongest, most lasting investment,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “The residential real estate market is still on the recovery road from this current downturn. We are making progress, and, as we have in the past, Indiana’s real estate market will recover stronger and more resilient than ever.”

Hamilton County boasts the shortest amount of time – 83 days – for homes to be on the market through September 2008. The average number of days for a home to be on the market in the regionis 93 days, a 6.9 percent increase comparing year-to-date figures from 2007 and 2008. Hancock County data shows the smallest increase in days on the market compared to last year with a change from 90 to 92 days, according to F.C. Tucker data.

Fewer homes continue to go onthe market which means more families are staying in central Indiana and fewer families are waiting for their home to sell. In September, there were approximately 18,393 active listings of single family homes and condominiums. Last year at this time, there were 20,943 homes on the market in the nine-county central Indiana region.

The nine-county average sales price was $146,247, which is 5.2 percent lower compared to the same time last year. Madison County showed the least decrease in sales price with a change of -1.8 percent compared to year-to-date figures from 2007.

Pended single-family and condominium home sales

County	September 07	September 08	% Change	Year-to-date % Change
Boone	43	61	41.9%	-10.1%
Hamilton	355	364	2.5%	-11.1%
Hancock	81	66	-18.5%	-18.1%
Hendricks	182	154	-15.4%	-7.1%
Johnson	140	151	7.9%	-12.3%
Madison	140	114	-18.6%	-12.6%
Marion	960	979	2.0%	-11.0%
Morgan	65	73	12.3%	-11.0%
Shelby	40	46	15.0%	-8.0%
TOTAL	2,006	2,008	0.1%	-11.1%

Active Listings -Inventory

County	September 07	September 08	% Change
Boone	628	640	1.9%
Hamilton	3,219	3,066	-4.8%
Hancock	730	687	-5.9%
Hendricks	1,578	1,348	-14.6%
Johnson	1,458	1,366	-6.3%
Madison	1,259	1,118	-11.2%
Marion	10,997	9,133	-17.0%
Morgan	682	644	-5.6%
Shelby	392	391	-0.3%
TOTAL	20,943	18,393	-12.2%

# # #

Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Property linxstatistics on October 7, 2008. Pending means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.

Indianapolis Market Watch for August 2008

Ryan Hart - Indianapolis North side (Sold By Hart!) — Tue, 16 Sep 2008 12:58:51 -0700

2008 Central Indiana real estate market outperforms other regions of U.S.

August statistics point to areas with improved sales, overall shrinking inventory of homes for sale

INDIANAPOLIS – The Midwest continues to outperform other regions of the country, such as the Northeast and West, beleaguered by real estate challenges. Pending home sales in the Midwest showed a gain of 2.8 percent in July compared to the prior year, according to the latest data from National Association of REALTORS®. The gain is a sharp contrast to other regions of the U.S., which are reporting declines between 7.5 percent and 10.6 percent.

The strongest central Indiana markets are Madison and Shelby counties, both of which reported strong sales in August compared to the same time last year, according to pended sales statistics compiled by F.C. Tucker Company. The number of homes sold in Hendricks County last month was nearly identical to August 2007.

Madison County showed a second month of increased sales, with 132 homes sold for a 10.9 percent increase over the same period last year.

The shrinking housing inventory in the nine-county area is helping sellers by increasing demand, while buyers are enticed by mortgage rates hovering below 6 percent. In August, 18,828 homes were on the market – a nearly 11 percent drop – from 21,127 homes available in August 2007. Madison and Marion counties’ inventory declined more than 15 percent.

The nine-county average sales price was $147,018, which is 5 percent lower compared to the same time last year. However, three counties, Boone, Madison and Shelby, all reported an increased average sales price, up to 5.2 percent higher.

“We are beginning to see more buyers in some areas of central Indiana and we’re hopeful more will follow,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “They are showing us what we’ve known all along – Indiana is a great place to live, and now is a great time to buy.”

Pended single-family and condominium home sales

County	August 07	August 08	% Change	Year-to-date % Change
Boone	87	65	-25.3%	-15.0%
Hamilton	456	410	-10.1%	-12.7%
Hancock	74	66	-10.8%	-17.9%
Hendricks	194	193	-0.5%	-7.1%
Johnson	186	138	-25.8%	-14.7%
Madison	119	132	10.9%	-11.3%
Marion	1,151	1,096	-4.8%	-12.2%
Morgan	82	80	-2.4%	-14.4%
Shelby	52	57	9.6%	-10.2%
TOTAL	2,401	2,237	-6.8%	-12.3%

Active Listings -Inventory

County	August 07	August 08	% Change
Boone	610	622	2.0%
Hamilton	3,295	3,163	-4.0%
Hancock	738	727	-1.5%
Hendricks	1,580	1,403	-11.2%
Johnson	1,442	1,373	-4.8%
Madison	1,323	1,113	-15.9%
Marion	11,052	9,379	-15.1%
Morgan	677	661	-2.4%
Shelby	410	387	-5.6%
TOTAL	21,127	18,828	-10.9%

# # #

Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Propertylinx statistics on September 8, 2008. Pending means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.

Indianapolis Market Watch for July 2008

Ryan Hart - Indianapolis North side (Sold By Hart!) — Sun, 17 Aug 2008 16:06:19 -0700

Decreasing housing inventory and stable sales prices assist sellers, but still a buyers market

INDIANAPOLIS – While overall pended home sales remain lower on a month-to-month and year-to-date basis in central Indiana, two Indianapolis-area counties reported higher sales than the same time last year, according to pended sales statistics compiled by F.C. Tucker Company.

Both Madison and Boone counties showed increased sales in July. Madison County sold 171 homes this month, for an 11.8 percent increase, while Boone County sold 89 homes for a 6 percent sales increase compared to the same time last year.

Housing inventory in central Indiana continued to drop in July with 19,335 homes on the market in the nine-county region, 1,534 fewer homes than in July 2007 – a 7.4 percent decrease overall in inventory. Madison County’s inventory led the monthly decline with a 12.4 percent decline. Marion County’s inventory also declined in double digits with a 10.7 decrease this month.

The nine-county average sales price was $146,572, overall 5 percent lower compared to the same time last year. However, two counties, Boone and Hamilton, are within one percent of the same average sales price as last year, and three other counties, Madison, Morgan and Shelby, are within two percent of the average sales price from the same time last year.

“While the central Indiana real estate market continues to stabilize and even improve in a couple of submarkets, home buyers are still in a good position to find an affordably priced house throughout the Indianapolis area,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division.“Sellers, too, should be encouraged by the fact that central Indiana homes are maintaining their value, and buyers are paying on average 95 percent of the sellers’ asking prices in central Indiana.”

Overall, home sales in the nine-county area are down 8.9 percent compared to July 2007, and 13.1 percent for the year to date.

Litten said, “The recent passage of the housing stimulus bill should help with our real estate market recovery and greatly benefit first-time home buyers with the $7,500 tax credit.”

The National Association of REALTORS® (NAR) predicts 2.5 million first-time buyers in the market because of the tax credit, which could increase home sales nationally by 7 percent.

Pended single-family and condominium home sales

County	July 07	July 08	% Change	Year-to-date % Change
Boone	84	89	6.0%	-13.3%
Hamilton	520	447	-14.0%	-13.5%
Hancock	108	75	-30.6%	-18.3%
Hendricks	204	182	-10.8%	-8.3%
Johnson	200	146	-27.0%	-14.4%
Madison	153	171	11.8%	-13.1%
Marion	1,148	1,096	-4.5%	-12.9%
Morgan	95	86	-9.5%	-16.5%
Shelby	52	44	-15.4%	-12.5%
TOTAL	2,564	2,336	-8.9%	-13.1%

Active Listings - Inventory

County	July 07	July 08	% Change
Boone	620	641	3.4%
Hamilton	3,305	3,269	-1.1%
Hancock	726	725	-0.1%
Hendricks	1,563	1,438	-8.0%
Johnson	1,431	1,400	-2.2%
Madison	1,286	1,127	-12.4%
Marion	10,832	9,678	-10.7%
Morgan	683	667	-2.3%
Shelby	423	390	-7.8%
TOTAL	20,869	19,335	-7.4%

# # #

Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Propertylinx statistics on August 8, 2008. Pending means the sales contract has been signed,but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.