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Carmel Real Estate Market Trends – Indiana

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Carmel Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > Indiana Real Estate Market > Carmel Real Estate Market

Winter 2012 Market Update It is an exceptional time to buy a home in Carmel. With interest rates and home prices so low, there truly has never been a better time to invest in real estate! If you have any specific questions, please don’t hesitate to email or call me at 317-418-0012. Thank you!
Average Home Price	$300,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	90-120 days

Best Selling Price Range	$300,000 - $349,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Carmel is	No Change

Seller Activity for the past 90 days in Carmel is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	Homes that are priced correctly and staged perfectly are selling in Carmel. We are seeing multiple offers on some properties, especially bank owned homes that are priced well.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	0-5%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Inventory Comments	I’m optimistic that 2012 will be a good year for the Carmel real estate market. Forbes magazine recently rated Carmel as one of the top ten real estate markets in the country that is most likely to appreciate! Local Market Monitor Inc., a 20 year old research and consulting firm, also cited Indianapolis as one of the ten best conservative real estate markets since there’s a positive three-year home price forecast and employment is stable.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Good economic news

Nearest Metro Area	Indianapolis

Housing Hot Spots	Most cities within the Hamilton County area are considered ’Housing Hotspots’

Average Sold Price	$300,000 - View Graph Trend

Carmel Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates

– Feb 13th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%

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Stephanie Holloway Kirk

F.C. Tucker Company

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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