Holy hot housing market, Batman!
It's double digit increases in several key categories for the Carmel Indiana housing market report for February 2013. The number of Sold properties nearly doubled in Carmel from February of last year, while New Inventory dropped 24 percent. Both Median Sales Price and Average Sales Price shot up as well.
Based on these numbers, as well as similar statistics from the three-month housing report ending in February 2013 (Closed Sales up 44.8 percent; New Inventory down 14.6 percent) we think it's safe to say that it's a great time to sell a home in Carmel Indiana! We have first-hand proof as well. A 4 bedroom, 2.5 bath Carmel home in Smokey Knoll was on the market for just 6 hours - SIX HOURS - before being snapped up for 95.1 percent of the listing price. What was the secret to these sellers' success? Presentation, price, and perfect timing! Read more about how to sell your home quickly and for the best possible price.
It seems likely that Carmel home prices will continue to rise thanks to a high demand for housing combined with a shortage of homes for sale. (Carmel inventory is down 24% as compared to February of 2012 and down 14.6% for the three month period ending in February.) If you are considering selling your Carmel home, start by finding out what it's worth with a free home value estimate.
Although Carmel home prices are rising, interest rates remain low. Which means it's still a great time to buy a Carmel home! It's no time to be indecisive, though, since as we've shown the good homes are going fast. Check out these tips for taking the stress out of finding your perfect Carmel home.
Learn more about living in Carmel, Indiana - CNN Money's Best Small City in America!