Carmel Indiana Housing Market Report | June 2013

Real Estate Agent with Keller Williams Indianapolis Metro NE RB14023803
Carmel Indiana Housing Market Report June 2013 – New listings are on the rise in the Carmel housing market, which comes as welcome news for buyers. Continuing increases in inventory mean buyers have more homes to select from and less competition for those homes. This wasn’t the case earlier in the year when buyers faced fierce competition for Carmel homes as the result of an ongoing shortage of inventory.

See all homes for sale in Carmel, Indiana.

Carmel Housing Market Report | June 2013The June 2013 Carmel Housing Market Report shows that sellers are also benefitting from the current market by way of rising sales prices and declining days on the market as compared to June 2012. Whether or not this trend can withstand spiking interest rates is yet to be determined. Experts predict that while some buyers may push hard to find a home before interest rates rise further, others may decide to wait to see if interest rates fall again before writing a contract. Based on recent activity in Carmel and surrounding areas, it seems likely that, for the next few months anyway, most buyers will opt for finding a home while they can still lock down a historically very, very low rate.

Anyone who is considering selling a Carmel home would be wise to do so while inventory and interest rates remain relatively low. Potential sellers should start by finding out what their home is worth with a free home value estimate.

Carmel real estate market highs and lows

The most expensive home sold in Carmel in June 2013 was an 11,681 square foot mansion in the Village of West Clay that closed at $1,475,000 (10.4 percent off of list price) after just 48 days on the market. This home featured 5 bedrooms, 8 bathrooms, and an elevator to get from floor to floor. The least expensive home sold in Carmel in June 2013 was a 1,487 foot 2 bedroom, 2 bath condo in Hunters Glen that closed at $83,000 (2.4 percent under list price) after 92 days on the market.

Carmel is #1 on CNN Money's list of Best Places to Live in America! Learn more about living in Carmel, Indiana.

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Pat Haddad, ABR, CDPE, CRS, e-Pro, GRI

Haddad Team, Keller Williams Realty


Indianapolis real estate and the surrounding areas of Carmel, Fishers, Geist, Morse, Noblesville, Westfield, Zionsville, and everywhere in between!  Whether you are buying or selling a home, I'll be with you every step of the way.

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Comments (4)

Kathy Stoltman
Balboa Real Estate - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Pat, boy do I love your home prices.  Looks like you have a fairly decent amount of inventory as well.

Jul 22, 2013 10:37 AM
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Hey Pat!  Just checking in to see how you are.  We attended an eEdge workshop about a month ago at the Keystone/86th Street market center.  Hope all is well!

Sep 11, 2013 10:25 AM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Hi Kathy---I know lots of people head to Carmel, IN due to the prices and low cost of living.  This report makes it look like we have adequate inventory, but it sure doesn't feel that way!


Sharon and Bruce--So sorry I missed you when you were here!!  Hope you learned a lot!

Sep 11, 2013 10:51 AM
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Pat, our former OP is now with the KW office at Keystone.  Do you ever come up for any Purdue football games?

Sep 11, 2013 12:47 PM