Carmel IN Housing Market Report | Third Quarter 2013

Where does the time go? Is it really possible that more than three-quarters of 2013 has already gone (flown) by? It must be if we're posting the Carmel Housing Market Report for the Third Quarter of 2013!

What the numbers say

Third Quarter numbers reflect a healthy housing market - neither the frenzied market we found in the early months of 2013 nor the sluggish market of previous years. Closed Sales for the quarter are up more than 20 percent over 3rd quarter 2012, although September posted a 9.7 percent decrease in Closed Sales as compared to the previous year. Prices got a bump both in the 3rd quarter overall and in September specifically, where Median Sales Price was up 4.26 percent to $262,740. Average Days on the Market continue to drop both in the quarter and in a monthly comparison. Search ALL Carmel IN homes for sale.

What the experts say

“Fall usually brings a slowdown to housing markets and while September followed that seasonal trend, home sales and prices across Indiana were significantly higher than the same month of the last two years. Statewide, we are well past the recovery stage and appear to be moving toward a stable, balanced marketplace. Whether we fully achieve that status depends on real employment and wage growth, as well as consumer confidence," says Kevin Kirkpatrick, 2013 President of the Indiana Association of REALTORS®

Check back next month for the 1st Carmel Housing Market Report of the last quarter of 2013!