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Carmel Real Estate - Market Report - October 2008

Here is a glance at what sold on the Carmel Indiana real estate market in November 2008:

2007
2008
% Change
Active
N/A
588
Homes Sold
82
59
-28%
Average Selling Price
$283,345

$272,053
-4%
Days on Market
105
72
-31%
Price Per Square Foot
$115
$106
-8%

November homes sales in Carmel was pretty much on par for the rest of the year. The number of homes sold was down by 28% and the average sales price was slightly down at 4%. There are two bits of good news this month; somehow the average days on the market was way down over last year and the absorption rate or # of months of inventory was down as well.

While the number of homes sold in Carmel is way down, I believe the fundamentals of Carmel real estate are still strong. If you are considering purchasing a home in Carmel, please visit our website to search Carmel homes and all Indianapolis real estate for sale. Two of the most popular communities in Carmel you might be interested in are The Villages of West Clay and The Bridgewater Club.

Posted Wednesday Dec 31