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Carmel Real Estate Market Update - August 2008

September 16th, 2008 categories: Carmel Real Estate

For the month of August, there were 125 homes sold and closed in Carmel, Indiana. There were 137 sold in July.

The highest price home was $950,000.

The lowest priced home sold was $50,000.

The average Days on Market for homes sold was 70 days, down from 76 days in July.

The average home sold in Carmel was three bedroom, three bath home with 2586 square foot.

There are currently 862 homes available for sale in Carmel, which gives us an absorption rate of 6.89 months

Average days on market and absorption rate will vary by price range.

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This entry was posted on Tuesday, September 16th, 2008 at 9:55 pm and is filed under Carmel Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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