Carmel Real Estate News
While the Indianapolis real estate market is down in pretty much all categories, Carmel Indiana real estate seems to be bucking the trend reporting at least some positive statistics. The number of Carmel homes sold is down significantly over last year, but the average sales price has actually shown an increase in last years numbers over the past couple of months. Here is a look at what has happened with Carmel real estate for homes under $700,000 for both the average number of homes sold:
|
# of Carmel Homes Sold
|
|||
|
2007
|
2008
|
% Change
|
|
| Jan. |
57
|
47
|
-17.54%
|
| Feb. |
91
|
55
|
-39.56%
|
| Mar |
103
|
85
|
-17.48%
|
| Apr. |
118
|
87
|
-26.27%
|
|
|
|
|
|
| YTD Avg. |
369
|
274
|
-25.75%
|
And the average selling price:
|
Average Selling Price for Carmel Homes
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|||
|
2007
|
2008
|
% Change
|
|
| Jan. |
$280,842
|
$286,021
|
1.84%
|
| Feb. |
$317,520
|
$295,416
|
-6.96%
|
| Mar |
$284,095
|
$284,733
|
0.22%
|
| Apr. |
$281,465
|
$291,280
|
3.49%
|
|
|
|
|
|
| YTD Avg. |
$290,981
|
$289,363
|
-0.56%
|
As you can see, the average selling price was actually up 3.49% in April even though the number of homes sold was down 26%. IMHO, a big factor that is affecting the average selling price is the absorption rate or supply of homes on the market. Carmel boasts a low 5.24 months supply of homes which is actually quite low for this market and indicates a healthy market.
Carmel is and will continue to be one of the most desirable areas in the entire Indianapolis area and therefore is less subject market fluctuations. If you would like to search for Carmel homes for sale please feel free to use this site as you will have access to all of the homes in the MLS.
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Date: Tuesday, June, 3rd 2008 @ 07:20:02 AMViews: 715
This blog entry currently has 1 comments posted.
Sam Chapman
You aren't in an area affected by the floods are you? If so, I can only think that those stats will get worse.
Posted on 2008-06-11 14:01:18