August Home Sales Down 12.9%

The Indianapolis Star reported today that:
Existing-home sales in the Indianapolis area fell 12.9% in August compared with a year ago. According to the Indiana Association of Realtors (IAR), data received from realtor members indicate that this was the eighth consecutive month this year that sales have fallen. Sales dropped to 1,793 in the eight-county metro area, from 2,059 in August 2008. The hardest-hit county was Hendricks County where sales fell to 29% to 148 homes.