Carmel Real Estate Market Report
CARMEL REAL ESTATE MARKET REPORT Today, January 24th, 2025
164 residences for sale
Average List Price (LP): $564,660
Average Days on Market (DOM): 96
Average Price Per Square Foot: $207.86
The most appealing homes in Carmel continue to sell quickly, but those that are less than perfect—either in price or condition—are taking longer, as reflected by the average days on the market. The weather has played a factor this month compared to past Januarys when conditions were milder. As the weather breaks, we anticipate a surge in activity for both listings and sales.
A technical note: Despite a great deal of misinformation, buyer broker agents have been compensated by sellers in over 90% of closings in Carmel year-to-date, as buyers continue to seek representation in their purchases.
Greg Cooper – Over $400,000,000 in career Carmel sales in the last 25 years!
"Indy North Mortgage Report: Meridian Kessler, Broad Ripple & SoBro – Coming February 2025."
"Indy North Mortgage Report: Meridian Kessler, Broad Ripple & SoBro – Coming February 2025."
As of January 25, 2025, mortgage rates in Carmel, Indiana, are as follows:
Conforming Loans (loans up to $726,200):
30-Year Fixed Rate: Rates range from approximately 6.72% to 7.019%, depending on the lender.
15-Year Fixed Rate: Rates are around 6.139%.
Jumbo Loans (loans exceeding $726,200):
30-Year Fixed Rate: Rates are approximately 6.85%.
Disclosure: Mortgage rates are subject to change daily and are dependent on lender approval, creditworthiness, loan-to-value ratio, and other factors. It is recommended to consult multiple lenders to receive personalized quotes tailored to your financial situation.
Should You Refinance Your Mortgage? The Fed’s Big Cut Changed the Math!
Millions can potentially save money by refinancing, but many are waiting for rates to drop further.
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