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As May comes to a close today, the numbers for April paint a positive picture about the real estate market here in Central Indiana. For the nine county area, April pended homes were up 8.9% from April 2006 (2,754 homes were pended in April 2007, 2530 in April 2006). The available inventory is down, from 6.5% in March to 4.8% in April. Sales are still down 4% compared to last year, but April's trends are encouraging. Here's the breakdown by county:
Pended single-family and condo home sales
% Change= -6.3
April 2006=501 April 2007=514 % Change=2.6
April 2006=1204 April 2007=1359 % Change=12.9
*Information courtesy of F.C. Tucker's April Market Watch