The Carmel real estate market saw a 30.2-percent drop in the number of homes that were listed for sale from January through March of this year relative to this same 3-month period last year, or 467 versus 669 respectively. The most recent average of 467 listings per month is also 13 percent below the previous quarterâ€™s average of 535 listings per month. For the month of March itself, there were 496 homes on the market. This represents a 31.7-percent decrease in total listings versus this same time last year. Including March, 2013, the 12-month average number of homes listed for sale is 615.
Total sales were up 18.3 percent as a total of 291 closings took place from January through March of this year relative to this same quarter last year. Versus the previous quarterâ€™s total of 359, however, this is a 19-percent decrease in sales. Comparing the month of March itself to this same time 1 year ago, there were 10.6 percent more homes sold, or 125 versus 113 respectively. The 12-month average number of Carmel homes sold each month is 135.
The first quarter of 2013 saw a total of 390 pending sales in the pipeline. This represents a 30-percent increase over the previous quarterâ€™s total of 301 pending sales. On average, there were 130 pending sales reported during the most recent quarter, or 15 percent more versus this same quarter 1 year ago. The 12-month average number of pending sales reported each month is 136.
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