Rise in New Listings is Good News for Buyers
Carmel Indiana Housing Market Report April 2013 - An increase in new homes on the market is good news for buyers, who have faced fierce competition for Carmel homes in the past months thanks to steady declines in inventory.
The April 2013 Carmel Housing Market Report contained good news for sellers as well in that both Median Sales Price and Average Sales price rose by double digits as compared to April 2012. Whether or not it's a trend that's likely to continue is a hot topic nationwide. Some experts predict that rapidly rising prices are another bubble waiting to burst. Most, however, believe that elevated prices are the result of limited inventory and that as new construction ramps up again home price growth will taper off to more moderate levels. No matter who is right, buyers should always take time to research what similar homes in the neighborhood have sold for before making an offer on a property. It never pays off to pay too much for a home - no matter how hot the housing market is.
Anyone who is considering selling a Carmel home would be wise to do so while inventory remains low. Start by finding out what your home is worth with a free home value estimate.
The lone piece of unwelcome news in the Carmel Housing Market Report for April 2013 was a significant rise in Days on the Market as compared to the previous year. A 4 bedroom, 6.5 bathroom, 8988 square foot home in the Village of West Clay that spent 425 days on the market was largely responsible for the upswing in this statistic. Expect the May 2013 Carmel Housing Market Report to show Days on Market holding steady or even decreasing a bit as the summer selling season gets under way.
Did you know that Carmel is #1 on CNN Money's list of Best Places to Live in America? Learn more and take a look at all homes for sale in Carmel, Indiana.