Carmel Indiana Housing Market report

There has been a lot of activity in the Carmel housing market the past few months. Some of the pertinent statistics are:

• 829 Active Listings
• 109 Sold Homes
• Average Sales Price $284,385
• Avg Days on the market: 77
• Avg List to Sales price ratio: 95%
• 143 Pending Sales

What does this information mean? The average sales price is low for the Carmel area due in part to the large numbers of first time buyers in the market buying their homes in the Carmel area. The average 77 days on the market means that homes sell fairly quickly once they are properly priced and in good condition.

The overall outlook for Carmel remains very good. The large number of first time buyers the past 2 months into the Carmel housing market is a great sign as housing markets fix themselves from the bottom up. We expect there will be an increase in sales of homes between 300-400K over the next few months as the recent sales move up to take advantage of the market condition.

Reasons for the stability in the Carmel area are the great schools, the growing arts and design district, the proximity to downtown and the fantastic shopping and dining opportunities!

For specific information about a specific neighborhood in the Carmel area, email our team matt@mattsellsindy.com and request information on a specific neighborhood (or more). We will gladly keep you up to date with actives, pendings and sold homes in any community!

If you are looking to buy, sell, or invest a home in the carmel Indiana area, the Matt Borushko Team would love to help!