Carmel Indiana Real Estate - Market Report - September 2009

Here is what happened on the Carmel real estate market for September 2009:

What a mixed signal with the number of homes selling going up over 20% since last year but the average selling price falling by 10%. I have a theory to explain this…the tax credit. Since the average sales price in Carmel is much higher than other areas the tax credit expiring will create more sales but it will also temporarily drive down the price in Carmel. This is because most buyers who qualify for the tax credit in Carmel are not going to be buying a house for $350,000. I suspect we may similar stats over the next 2 months as the tax credit expires, but we will have to wait and see if my postulation is correct:)

If you are considering purchasing a home, please visit our Carmel homes website for sale page to view all home currently available. You may also want to visit our Carmel Indiana subdivisions page to view a list of neighborhoods like West Clay homes broken down by price.