Anyone who works in real estate knows the market doesn’t need any more inventory. Fortunately, the total number of homes listed on the Carmel real estate market fell 8.8 percent, from 764 in October to 697 in November. Compared to the 4.1-percent drop in the number of homes for sale in Indianapolis Indiana this is quite an improvement. Compared to the number of Carmel homes that sold in November of 2010 this is an even greater 9.4-percent decrease. Finally, from September through November of this year there were, on average, a total of 756 homes on the Carmel Indiana market each month, or 6.4 percent more versus this same 3-month period in 2010.
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