Carmel IN - Market Update

Carmel’s real estate market remained consistent for the third quarter of 2010. Looking at the statistics from July 1 to September 30, the average sales price was $347,581, up from $310,324 in the second quarter of 2010. The average list price to sales price percentage remained steady at 96%. Average days on the market for sold listings rose slightly, from 71 days in the second quarter of 2010 to 78 days for the third quarter.

Listed homes                                      394

Sold listings                                        291

Pending listings                                  64

Average Sales Price                           $347,581

Low Sales Price                                 $43,955

High Sales Price                                 $1,200,000

Average Days on Market                 78

Average List Price to Sale Price       96%

Source: MIBOR, July 1-September 30, 2010

* This information is deemed reliable but not guaranteed.