Carmel Indiana Real Estate - Market Update

Carmel real estate is one of Indianapolis most desirable areas to live in and for good reason. Let’s have look and see how one of the area’s best locations did for December 2009:

- 87 Carmel homes sold in December 2009
- Average sales price was $327,086
- Average price per square foot was $113
- Sales price to list price was 95%
- It took on average 95 days to sell a home in Carmel
- Currently there are 649 homes on the market with a price of $527,913
- 77 Carmel homes are pending with an average price of $330,710
- The absorption rate in Carmel is 6.67

The number of homes that sold in Carmel represents a 10% increase over last year which is great. What is not so great is that despite that 10% increase we still saw a 9% decrease in average sales price over last year. Despite the decrease in average sales price, I do believe Carmel is a stable market with great fundamentals and will be one of the first to bounce back.

If you are considering purchasing a home in Carmel, you might be interested in West Clay homes which is one of Carmel's largest and most unique communities.