Here is a look at what happened on the Carmel Indiana real estate market for home under $700,000 in March 2009:

We see a pretty sharp decrease in the number of homes sold this year verus last year. We are also seeing a relatively big, 7%, decrease in the average sales price for Carmel. One metric that is encouraging is the absorption rate, or number of months supply of homes on the market, is still at a very respectable 7.29. This is pretty good indicator that the market is still quite stable and actually well balanced.

If you are considering buying or selling a home in Carmel, please visit our Indianapolis homes website to learn more about us and search all homes in MIBOR. You can also visit our Indianapolis real estate blog to keep up to date on what is happening.