Carmel Real Estate Market Update - August 2008
For the month of August, there were 125 homes sold and closed in Carmel, Indiana. There were 137 sold in July.
The highest price home was $950,000.
The lowest priced home sold was $50,000.
The average Days on Market for homes sold was 70 days, down from 76 days in July.
The average home sold in Carmel was three bedroom, three bath home with 2586 square foot.
There are currently 862 homes available for sale in Carmel, which gives us an absorption rate of 6.89 months.
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Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 8/1/2008 and 8/31/2008. This data is reflective of homes which were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.
Indianapolis Real Estate Blog, written by Paula Henry, an Indianapolis Realtor and team leader of The Home to Indy Team at Keller Williams Realty, serving the Indianapolis and Carmel Indiana real estate markets.
Call Paula - 317–605–4174