So help me I'm going to choke the you know what out of the next person in my business who posts cheerily how great things are in the housing market! We're selling homes and that's good but we're out of balance and that's HARD...more on this in a minute.
Values are going up and that may be the best news for consumers. In 2012 on 5.25 we had sold 248 homes in the 46033. This year we've sold 208 because we just don't have enough housing available for purchase. The real guts of the data is that on this day in 2012 the average sales price in east Carmel was $318,9992. Of the homes that have closed this year in the 033 the average sales price is $329,999. As an example here's the list of homes that have sold in MAY 2013 in east Carmel. Of particular note in the 25 that have entered escrow, 14 sold in less than 7 days which is a remarkable contrast to where we were 36 months ago when the average days on the market was over 100.
So why am I whining about it being hard? With the exception of the high end, it's become a seller's market. It's out of balance. When a buyer sees five other people lined up to see the home they just looked at they are correct in offering full list price if they want the home. That leads to some fear in buyers (did I pay too much....is there another option out there). That makes inspections harder and appraisals are still comping from the slower Jan/Feb/March market even though we're in a red hot May. Expectations are higher and there's more pressure on everyone in the housing market. If you're getting ready to jump in, BE READY. This isn't a market for the faint of heart. Know your options, know your destination as much as you can and hang on for dear life during the inspections and appraisals. You can certainly call or email us anytime if you have questions. Have a fun and safe weekend everyone! Memorial Day is always special in central Indiana and we hope you have a wonderful time enjoying the company of family and friends.
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Carmel Indiana 46033 homes for sale
EastOfKeystone.com is about everything 46033! See east Carmel Indiana homes for sale, schools, parks, dining, shopping, churches, golf courses, neighborhoods & everyday events! East Of Keystone is powered by east Carmel resident Greg Cooper of Prudential Indiana Real Estate. Contact us anytime by email at EastOfKeystone@gmail.com or by phone and text at 317.848.GREG (4734). Enjoy your Holidays