October of 2011 marked the 4th straight month that the total number of Carmel homes for sale fell, most recently by 5.2 percent. This for the most part echoed the 4.9-percent decrease in the number of Indianapolis homes for sale just south of the Carmel border. Compared to last October, the most recent figure represents a 5.4-percent drop in Carmel listings. Plus, from August through October of this year there were on average 798 Carmel homes on the market, or 3.7 percent fewer, relative to this same period in 2010.
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