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Carmel Indiana Real Estate - Market Report November 2009

By
Real Estate Agent with Red Door Real Estate

Here is a look at what happened on the Carmel real estate market for November 2009:

 
2008
2009
% Change
Active
N/A
680
Homes Sold
65
101
55%
Average Selling Price
$307,559
$330,595
7%
Days on Market
71
92
30%
Price Per Square Foot
$112
$96
-14%
Sales Price / List Price
95%
96%
1%

Another great month for Carmel Indiana real estate! I don’t know if this is the tax credit or what, but a 55% increase in the number of homes sold after a 70% increase last month is phenomenal. Is this the beginning of a new upward trend? Unfortunately, we won’t know for sure until we are passed it but it very well could be. Carmel homes will be among the first to bounce back.
If you are considering purchasing a home in Carmel, please visit our website to search all Carmel homes for sale. You might also be interested in Carmel Indiana neighborhoods broken down by price.

Comments (1)

Matt Odell
GVC Mortgage-Carmel - Carmel, IN
Home Mortgage Specialist with GVC Mortgage-Carmel

Hey Michael, this is the kind of data that makes me happy I bought my new home in Carmel 5 months ago!  The supply hopefully will continue to get eaten up by the demand.  We may not even have a winter slow down this year!  Thanks for the information, and if you ever need an aggressive mortgage broker, I'm right around the corner.

 

Best,

Matt Odell

Dec 16, 2009 02:49 AM