IN: Indianapolis Real Estate Showed Slight Improvement in May

Bitten by the recession for nearly three years, residential real estate in the Indianapolis metro still struggles but is showing some glimmer of an upturn in the newest monthly reports.

Buyers and sellers agreed on deals for 2,089 homes during May in the nine-county central Indiana region, up about 32 percent from May 2010.

According to monthly data reported today by the F.C. Tucker real estate company, Shelby County showed the biggest leap in pending homes sales, reporting an increase of nearly 93 percent compared to May last year. Madison County reported an increase of nearly 51 percent compared to the same month a year ago.

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