The first Carmel Indiana housing market report for 2013 offers reason to believe that this could (finally) be a very good year for sellers.
Closed Sales continue to rise in Carmel, up 8.7 percent in January 2013 as compared to January 2012 and up 18.3 percent in the quarter ending in January 2013 when compared to the same three-month period last year. And while the number of Closed Sales keeps climbing, New Inventory keeps shrinking. New inventory in Carmel decreased by 9.7 percent in January 2013 as compared to a year ago, and by 11.8 percent in the three-month period of November through January.
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Increased buyer demand and decreased inventory signal that the Carmel real estate market could already be shifting to one that favors sellers. According to a report by the National Association of REALTORS, much of the country has already transitioned to a seller's market, and there's no reason to think that Carmel, the Best Small City in America, will be any different!
Buying or Selling a Carmel Home
Spring may officially be a few weeks away yet, but the spring home selling season is already here! If you are planning to sell, first find a real estate agent whom you trust. A knowledgeable agent can provide you with valuable information about what your Carmel home is worth, the current housing market and preparing your home for sale.
If you're in the market for a home in Carmel, this is not the time to be hesitant! Listings that are updated, in good condition and priced fairly are going quickly; sometimes in a matter of days with multiple offers. Learn how to handle a multiple offer situation.
The February Carmel Indiana housing market report should give us a good idea of what's in store for the rest of the year, so be sure to check back!