A Metropolitan Indianapolis Board of Realtors report shows foreclosure sales were also down 8.5 percent.
Indiana is one of six states receiving federal money to tear down abandoned homes and buildings.
The grants are part of a plan to reduce crime and improve property values by destroying abandoned properties.
Indiana is diverting federal money to help local communities demolish abandoned homes.
Lt. Gov. Sue Ellspermann will announce whether the state will use funds from the U.S. Department of Treasury funds to tear down foreclosed properties.
Sen. Jim Merritt, R-Indianapolis, wants Indiana to tap into federal money to curb the number of abandoned, foreclosed homes.
The lieutenant governor and state legislators are discussing how to prioritize funding from the "Hardest Hit Fund" to rehabilitate or demolish homes.
Construction has stopped on Elona Biotechnologies‘ planned facility near I-65 in Greenwood.
The expansion provides additional funding and expands the programs eligibility criteria.
More than 15,000 eligible claims were not filed, meaning some residents may have missed out on money which legally was theirs.