Carmel Indiana Real Estate Report April 2013 - Buyers Will Benefit from Rise in New Listings
An increase in new homes on the market is good news for buyers, who have faced fierce competition for Carmel homes in the past months thanks to steady declines in inventory.
The April 2013 Carmel Real Estate Report also contained good news for sellers in that both Median Sales Price and Average Sales price rose by double digits as compared to April 2012. Whether or not it's a trend that's likely to continue is a contested topic nationwide. Some experts predict that rapidly rising prices are another bubble waiting to burst. Most, however, believe that sharply increasing prices are the result of limited inventory and that as new construction ramps up again home price growth will taper off to more moderate levels. No matter who is right, buyers should always take time to research recent sales in the neighborhood before making an offer on a property. It never pays off to pay too much for a home - no matter how hot the housing market is.
Anyone who is considering selling a Carmel home would be wise to do so while inventory remains low. Start by requesting a free home value estimate to find out what your home is worth with.
A bit of unwelcome news in the Carmel Housing Market Report for April 2013 was a significant rise in Days on the Market as compared to the previous year. A 4 bedroom, 6.5 bathroom, 8988 square foot home in the Village of West Clay that spent 425 days on the market was largely responsible for the upswing in this statistic. Expect the May 2013 Carmel Housing Market Report to show Days on Market holding steady or even decreasing a bit as the summer selling season gets under way.
Did you know that Carmel is #1 on CNN Money's list of Best Places to Live in America? Learn more and take a look at all homes for sale in Carmel, Indiana.