While it wasn’t obvious at first, the Carmel real estate market improved in September, 2012. Sure, the 133 closings that took place in September represent a 26.9-percent decrease in total sales. But September typically marks the beginning of a seasonally-induced slow-down throughout most of Central Indiana real estate markets, including Carmel. What is pleasantly surprising about the latest figure is that it represents an increase of nearly 10 percent versus this same month in 2011. Also, from August through September of this year an average of 159 closings took place each month, or 14.4 percent more, compared to this same quarter in 2011.
A similar trend holds for pending sales. The most recent total of 112, while 22.8 percent below the previous month’s total of 145, it represents a 7.7-percent increase compared to last September’s total of 104 pending sales. And the average number of pending sales in the sales pipeline each month, from August through September of this year was up a not-so-trivial 17.6 percent compared to this same 3-month period 1 year ago.
Another very important stat is that of total listings. Not only does September’s total of 671 Carmel listings represent a 4-percent decrease versus the previous month’s total of 699, but compared to last September’s total of 806 listings it is a decrease of nearly 17 percent—welcomed news for anyone trying to sell a home, no doubt. And of the 671 homes on the market, 142 were new listings altogether. This is down nearly 25 percent versus the previous month’s total of 189 new listings and down nearly 18 percent versus last September’s total of 173 new listings. Finally, from August through September of this year there were, on average, 699 homes listed on the Carmel market each month, or 15.8 percent fewer, compared to this same 3-month period last year.
View the complete, original report here.