We're more than half way through 2012, and the Carmel Indiana housing market, like the rest of Hamilton County, continues to make gains. For the month of June, the Average Sales Price of Carmel homes increased 4.6% to $304,434, while Average Days on Market dropped from 100 to 78 as compared to June 2011.
Notable for anyone considering selling their Carmel home is that New Inventory has steadily decreased both month-to-month throughout 2012 and in comparison to 2011. Continued reductions in inventory could result in a shortage of homes, triggering a shift in the Carmel housing market from a buyers’ market to one that is more balanced between buyers and sellers.
Already, multiple offers are making a comeback on Carmel homes that are updated and well-priced. That's exciting news for sellers, but not so much for buyers, who might want to read up on how to handle a multiple offer situation.
Activity in Carmel for June 2012 mirrors the Central Indiana housing market as a whole. According to the Metropolitan Indianapolis Board of REALTORs, housing activity throughout Central Indiana has steadily increased for the first half of 2012.
So what's in store for Carmel housing market for the second half of 2012? Both local and national real estate experts believing the housing market has hit bottom and is - slowly - rebounding. Check back next month to see what the numbers have to say about the Carmel Indiana housing market!