The December 2011 Carmel Indiana housing market report shows some improvement! When comparing December 2011 closed sales numbers to December 2010, all numbers that should be up were (Closed Sales, Average Sales Price, Percent of Original List Price Received at Sale) and numbers we want to see go down did (Average Days on Market, New Inventory).
A comparison of the Carmel housing market for the final three months of 2011 to the same time period in 2010 also showed some improvements. Median Sales Price and Average Sales Price were both down for October - December 2011 as compared to the same time frame in 2010. However, Closed Sales and Percent of Original List Price Received at Sale were up, while Average Days on Market decreased slightly.
So what does it all mean? If you're a buyer, it's great news. There are still plenty of great deals to be found, and interest rates are predicted to stay super low for quite a while, which just makes a great deal an even better deal! January 2012 seems to have started off with a bang for the Carmel Indiana housing market and it seems likely things are turning around. Check back next month to see how this prediction is working out!