Active:
There are currently 508 homes for sale on the Carmel Indiana real estate market with an average asking price of $301,844. The average home is listed for $124 per square foot and has been on the market for 97 days.
| 2006 | 2007 | % Change | |
| Active | N/A | 508 | |
| Homes Sold | 98 | 65 | -34% |
| Average Selling Price | $278,395 | $302,752 | 9% |
| Days on Market | 87 | 87 | 0% |
| Price Per Square Foot | $109 | $112 | 3% |
Sold: *
December 2007 had 65 Carmel Indiana homes sell with an average selling price of $302,752. These homes sold for $112 per square foot and took 87 days to receive a contract. Compared to 2006 when 98 homes sold on the Carmel real estate market with an average selling price of $278,752.
Over the last year, 1272 Carmel homes have sold with an average selling price of $283,010. The average days on the market last year was 77 and the average price per square foot was $112. Having 508 homes on the market and 1272 units sold over the past 12 months, we know that the Carmel real estate market has a 4.79 months supply of homes currently on the market.
The absorption rate of 4.79 for the Carmel real estate market indicates that Carmel real estate is quite healthy even in the current market conditions. Although the number of homes sold is down 33%, the average selling price is up almost 9% over last year. The days on market is unchanged over last year and the price per square foot is up; overall these numbers are very good considering the general state of the real estate market.
If you are looking for real estate in Carmel Indiana, let Mike Taylor at Rebate Real Estate use his expertise and local knowledge to find your dream home.
* All figures based on homes sold in Carmel for under $600,000.
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