The Carmel real estate market had a difficult year in 2009. There were 398 single-family and condo-units listed in 2009, of which 155 properties sold. With an average of just 13 sales a month, the inventory build-up reached a high of 30.6 months to clear. Days on the market averaged 172 days. Of [...]
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5
2010
5
2010
Nov
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2009
25
2009
Are There Green Shoots in This Week’s Housing Data?
This week, existing home sales were up 10% year over year. However, prices declined 7.1 percent in the same time period. Any ”’alleged’ green shoots were found in the quarter over quarter price declines of only 3.8% – boasting the smallest decline since Q1 of 2008. New home sales, meanwhile, were up 5.1% from [...]