Carmel Indiana Real Estate - Market Update December 2011

The Carmel Indiana real estate market is typically one of the most desirable in the Indianapolis area. Today let’s look at how the market did for December 2011:

The first I notice when I look at the Carmel homes report is the average sales price seems to be significantly lower than normal. Indeed it is some 12% lower than last year’s sales averages and 40K+ lower than the average for the year. Perhaps a rash of lower priced homes sold or a lack of higher end homes sold. Either way, December appears to be an anomaly for the Carmel real estate market in terms of average sales price. If we look at the year over year 2010 vs. 2011 we see an average of $327,000 sales price which is a slight decrease of 2% over last year. The number of homes sold though is up 10% over last year. Here is a 3 year price graph for some comparison: