Carmel Indiana Real Estate Market Report for May

The Carmel Real Estate Market for May 2009 shows the highest priced home selling at $800,000 after only 18 days on the market in Carolina Commons, one of my favorite neighborhoods. All of those homes in the 106th and Keystone area typically sell very quickly. The lowest price home selling was for $75,000 at 761 Main Street with 1400 sq ft. The statistics for homes in Carmel are:

Active Single Family Homes Listed in May 148

Single Family Homes Currently Active 734

Single Family Homes Sold in the month of May 100 (Nearly 50% more than last month)

Average Sale Price per sq ft $111(Consistent with last month)

Average Days on Market 93 (Consistent with last month)

Of the 148 Carmel Homes listed in May, popular neighborhoods were Village of West Clay, Brookshire, Village of Mt Carmel and Claybourne. The highest priced home listed in May was for $6,850,000 at 951 W 116th with over 28 acres and 9,000 sq ft. This particular home while listed in May of this year has been on the market for the past year. The time on market is a tricky thing; if an agent relists it; it starts the Days on Market (DOM) over.

Of the homes that sold in May, Brookshire and Village of West Clay saw the most activity. Homes selling in May of 2008 were 132 with 7 distressed properties and of the 100 in May of 2009, 7 were distressed properties. What is most interesting is of the 100 sold this month; 33% of them sold within 30 days. That speaks well for a recovering market!

If you own a home in Carmel, Indiana and have questions about the average selling price, the days on market, the current activity or the appreciation of your neighborhood; be sure to contact your Carmel Real Estate Agent.

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Cindy "in Indy" Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775