Carmel Real Estate Report

Compared to 739 in February of 2009, the total number of Carmel homes for sale was down slightly, with 723 on the market in February of 2010. This is up significantly from the 663 that were for sale in January this year.  The number of pending transactions may also be trending up as there were 60 in January compared to 75 in February. This also represents a fairly significant increase from last year’s total of 53 in February.  The total number of homes sold in Carmel, Indiana increased a bit from 49 in January to 52 in February. This is almost identical to the total of 51 homes that were sold in February of 2009.

While the average price of a home sold in Carmel was down from $383,000 in January to $327,000 in February it is still up significantly from last year’s average price of $267,000. But not everything went the seller’s way in February as the average number of days spent on the Carmel real estate market was well over three months at an impressive 108 days.  This is up almost 10 percent from last year’s total of 99 days on the market in February.

The sold-list differential remained virtually unchanged at 94 percent compared to 93 percent the previous month.  This same metric was at 96 percent a year ago. Seller’s realized an average cost per square foot of $95 compared to $90 the previous month and $80 a year ago in February.