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Fourth Quarter Ends Up

by O'Neil & Company Realtors

Good Monday Morning!

Home Sales in Hamilton and Marion Counties were up 19% in the fourth quarter 2009 compared with the fourth quarter 2008. In fact, the fourth quarter of 2009 was the strongest since 2006! The brightest spot was Carmel, where sales were up 41% during that time period. 

Last week 69 homes in Hamilton County and 238 homes in Marion County went under contract. This is a great start to 2010.
Have a great Super Bowl Week!
Go Colts!

Forbes Magazine recently named the Indianapolis Metropoloitan area as one of the 25 strongest housing markets in the country.


Quoting Forbes:
To compile this list, we asked Moody's Economy.com to compile a list of the country's real estate markets that are nearest to recovery. Moody's looked at the country's Census-defined metro areas--including metropolitan and micropolitan statistical areas--with populations over 500,000, and prepared forecasts through 2011. They then compared them to prices in the second quarter of 2008, which are the latest figures available, to calculate how far prices will likely fall before reaching bottom.

This is fantastic for the area and a welcome piece of good news in time of generally not so good news. These types of accolades reaffirm what those of us who live and work in the Indianapolis metropolitan area already know: we live in a great city!

You can view the entire article here:

http://www.forbes.com/2009/01/07/housing-cities-realestate-forbeslife-cx_do_0107realestatestrong.html

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Contact Information

Photo of O'Neil & Company Real Estate
O'Neil & Company
Encore Sotheby's International Realty
12411 N Pennsylvania St #300
Carmel IN 46032
317.848.0008
Fax: 317.660.4574

 

 

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