Here is a glance at what happened on the market for Carmel Indiana homes under $700,000 in September 2008:
2007 |
2008 |
% Change |
|
| Active | N/A |
666 |
|
| Homes Sold | 94 |
70 |
-26% |
| Average Selling Price | $311,257 |
$273,889 |
-12% |
| Days on Market | 76 |
86 |
13% |
| Price Per Square Foot | $112 |
$110 |
-2% |
The number of homes sold is again off pretty significantly over last year. After a slight gain in the average sales price over the past couple months, this month saw a relatively big dip in the average sales price compared to last year. Let’s hope this is an anomaly, but the average sales price for September 2008 was the lowest it has been for the entire year in Carmel. In addition, September 2007 had an unusually high average sales price compared to the rest of the year. Let’s hope things even out over the next few months and we get back into positive territory for average sales price.
If you are considering purchasing Carmel real estate, now is a great time to pick up a home and get some great deals. The Carmel market remains strong, but there are deals to be had. You can visit our website to search for all homes for sale in Carmel, please visit our Carmel Real Estate Blog to stay up to date on news and events in Carmel.
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