đ Market Snapshot:
- Median Home Price: Westfield $445,000 (up by 1% from last year), and Carmel $521,792 (up by 6.7%).
- Average Days on Market: 31 days in Carmel & 40 days in Westfieldâhomes are selling quickly in both cities!
- Inventory: Limited with just 3.9 months of supply in Westfield and 3.2 months of supply in Carmel, keeping it a sellerâs market.
đ Trends to Watch:
- Westfieldâs new developments continue to attract families and young professionals.
- Carmelâs established neighborhoods and top-ranked schools keep demand high.
- Mortgage rates around 6.81% are prompting buyers to act fast before the holidays.
đď¸ What This Means for You:
- Buyers: Competition is easing slightly as the holidays approachâgreat time to make your move!
- Sellers: Well-priced, move-in-ready homes are still getting multiple offers.
Thinking about buying or selling in these thriving communities? Letâs chat!
Would you like hyper-local updates for specific neighborhoods? Click Here!
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