Carmel, IN Real Estate Trends: Time to Upgrade?

If you’ve been looking for a good time to sell your existing home and move into a new home in Carmel, IN, we’ve got great news. Recent trends in Carmel, IN real estate indicate that now may be a great time to sell and consider a move into a new home like the cottage style homes at Inglenook.

Whether you want to move up to a larger home, move down to a smaller home, or just move into a better neighborhood, here’s a few key trends in the real estate market that may work in your favor:

Inventory of Existing Homes is Down

Inventory of existing homes for sale in Carmel, IN was down 8.8% in November (source), indicating that there are fewer homes for buyers to choose from. Selling your home when inventory levels are lower means that you have less competition for buyers and your home may sell more quickly.

Prices are on the Rise

The average price for a sold home rose 19.1% in November from $314,000 to $374,000. As inventory levels of available homes go down, supply and demand can drive prices up – and that can mean good news for Sellers. Maximizing the price on your current home increases your purchasing power for a new home. This can translate to a bigger home, more upgrades to personalize your home, or just an extra financial cushion.

Home Prices Are Still Historically Low

Of course, the right timing for selling your home also depends on the value of purchasing a new home. As prices on existing homes rise, prices for new homes in Carmel IN are still at historical lows, so you can make the move to a new home much more affordably than a few years ago.

There are additional advantages as well: buying a new home can often mean a lower cost of ownership once you move in. Fewer repairs, lower monthly energy bills, and low maintenance costs can help your new home purchase pay off in the long term and the short term.

Find out more about if now is the right time to consider a new home purchase. Visit Inglenook and tour our brand new homes this weekend and speak with an experienced real estate professional. Our homes are open from 3p – 5p.

Can’t make it this weekend? No problem! We’re happy to schedule a tour of our homes at a time that fits your schedule. Simply complete the request below and we’ll call you to confirm your appointment.

You can also call Sam Hawkins at (317) 580-7854 or email sam@talktotucker.com.

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This entry was posted on Tuesday, January 17th, 2012 at 4:52 pm and is filed under Cottage Style Homes. 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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