Carmel Real Estate Update

Here are some stats for the Carmel real estate in Indiana for the month of November 2009:

- 101 Homes sold which is 55% increase over last year
- The average sales price was $330,595
- The average sales price was up 7% over last year
- Average days on the market was 92
- Price per square foot was $115

Carmel real estate has had an incredible past 3 months showing huge gains in the number of homes sold and gains in the average sales price in 2 out of the last 3 months. I am not sure if this activity has been spurred on by the tax credit but typically Carmel buyers are not first time home buyers. Let’s just hope this trend continues into the next year.