Carmel sales in August slowed from  August 2010 and were slightly down from the previous month. The August YTD sales of 147 are running 20% ahead of last years sales of 122.

The median sales price and average sales price were up considerably over August 2010. The average sales price in August was up 23% over average sales price in the previous month. These increases reflect an overall better market in the higher priced homes and is consistent with past real estate cycles where lower price sales dominate the early sales recovery with buyers slowly moving to higher prices as they see an improving market.  Please see the Market Action Report – Carmel August 2011 YTD for a complete discussion of current trends.

It is a beautiful morning in Carmel. Summer is slowly giving way to our spectacular Fall weather. The early morning and evening light cast an expectant aspect of better days to come.