Here is a look at the Carmel IN real estate market for October 2009:

Do you see what I see??? Holy shift in numbers…a 70% increase in the number of homes sold and a 13% increase in the average selling price!!! Wow! I really did not expect to see this kind of swing in the Carmel area. I don’t know if it the tax credit or what, but it would reason that areas like Noblesville or Fishers would be better candidates for swings like this. Well, I am not complaining just shocked. This is great news but as always let’s take it with a grain of salt and see how the market does over the next couple of months before we start celebrating too much.
If you are looking to buy or sell a home, please visit our Carmel homes for sale website for more information or our Carmel Indiana subdivisions page. You might also want to visit our Indianapolis real estate website for more info.

Here is what happened for real estate in Fishers Indiana for October 2009:

Well, considering the tax credit coming to an end; I expected to see a big increase in these numbers. I might be able to justify a decrease in the average sales price because the first time home buyer should be purchasing the less expensive homes on the market. However, I am shocked to see a decrease in the number of homes. Until this tax credit crunch is behind us, we really won’t be able to get a good grasp on the market.
If you are look to buy or sell a home, please visit our Fishers homes for sale website for more information. You may also want to look at our Fishers Indiana neighborhoods page or our real estate in Indianapolis website.

Here is a look at what happened on the Zionsville real estate market in September 2009:

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.

Here is a look at what happened on the Zionsville real estate market in September 2009:

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.

Here is a look at what happened on the Indianapolis real estate market in September 2009:

I almost don’t want to say it, but we almost just had a good month and it appears things might be trending toward a leveling off or maybe even towards positive territory. Let’s not get too excited, the expiration of the tax credit most likely is having an effect on these numbers, but it is still great to see an increase in the average sales price in Indianapolis. I have not seen that in a long while. This could be a great sign, it just be the tax credit creating a false sense of demand. Only time will tell but for now it is looking positive for Indianapolis homes.
If you are considering purchasing a home in Indianapolis, now might be the best time. Please visit our one of our websites above or you may want be interested in Broad Ripple homes or Geist Homes as these are two of Indianapolis’ most popular areas.

Here is what happened on the Westfield Indiana real estate market for September 2009:

The number of homes sold in Westfield is significantly fewer than say Carmel or Fishers so it may be more apt to show drastic swings from month to month. Whereas last month we saw a 22% increase in the number of homes sold; this month we see a 35% decrease in the number of homes sold in Westfield. The average sales price increased 4% over last years number. YTD we are seeing a 23% decrease in the number of homes sold and actually a 1% increase in average sales price. Not too bad…considering.

If you are looking at buying or selling a home in Westfield, please visit our Westfield Indiana homes website for more information. You may want to look at some of Westfield’s most popular neighborhoods including Centennial in Westfield and Countryside homes Westfield.

Here is a look at the Noblesville real estate market for September 2009:

These numbers actually lie, sort of:) While these are true and accurate numbers, this is an example of how stats can be used to twist the truth. Yes, technically the average sales price dropped 13% in September 2009 over the same time last year. However, that is factoring all homes that sold; even a few high end homes that seem to be distorting the number dramatically. If we take a look at the same number but put a cap on the listing price at $600,000 we see a totally different picture:

Instead of a 13% decrease in average sales price, we see only a 1% decrease. A whole different story.

If you are looking for homes for sale in Noblesville, please find a Realtor who really understands the market and does their research. You can visit our Indianapolis real estate website for more information about Noblesville. Some Noblesville most popular neighborhoods include Deer Path Homes and Lochaven homes.

Here is what happened on the Carmel real estate market for September 2009:

What a mixed signal with the number of homes selling going up over 20% since last year but the average selling price falling by 10%.  I have a theory to explain this…the tax credit.  Since the average sales price in Carmel is much higher than other areas the tax credit expiring will create more sales but it will also temporarily drive down the price in Carmel.  This is because most buyers who qualify for the tax credit in Carmel are not going to be buying a house for $350,000.  I suspect we may similar stats over the next 2 months as the tax credit expires, but we will have to wait and see if my postulation is correct:)

If you are considering purchasing a home, please visit our Carmel homes website for sale page to view all home currently available.  You may also want to visit our Carmel Indiana subdivisions page to view a list of neighborhoods like West Clay homes broken down by price. 

Here is a look at what happened on the Fishers Indiana real estate market for August 2009:

I am not sure if we are seeing the affect of the pending expiration of the tax credit but that would help explain the jump in average sales price.  What is interesting is the number of homes sold is still down quite considerably compared to last year.  I would have expected to see a spike in the number of sales as well.  Perhaps this is coming over the next two months as the tax credit crunch really hits. 
What is great news for the Fishers real estate market is the inventory is dwindling and we see only a 5.01 month supply of homes which is fantastic in this market. 
If you are considering purchasing or selling a home in Fishers, please visit our Indianapolis homes website and be sure to read our Indianapolis real estate blog to stay on top of news and events around Fishers.