We're Six Months In. | Indiana Housing Mid-Year Snapshot

We’re halfway through the year, and a there are a few key trends shaping Indiana’s housing market:

1. Inventory is making a comeback.
We’re not quite back to 2019 levels yet, but we’re close. Inventory is up 22% compared to this time last year, which means more homes on the market, more days before offers come in, more price reductions, and sellers getting a little less than their original asking price. Still, new listings are up 6% from last year – a sign that some sellers who waited in 2023 or 2024 are finally jumping in.

2. More move-up buyers are in the game.
Many sellers in 2025 bought their homes before the pandemic and are now sitting on a nice chunk of equity – around $125K on average statewide. That’s giving them the confidence (and cash) to move, even with higher rates. These repeat buyers typically have bigger budgets, and most of the sales growth is happening over $250K. Sales above $500K are up 20% from last year, and homes over $750K are up nearly 25%.

3. Fewer deals are falling apart.
Buyers seem to be better prepared this year – likely because they’ve bought and sold before. So far in 2025, 13.5% of pending sales have fallen through, down slightly from 14% last year. It’s still a bit higher than what we saw back in early 2022, but trending in the right direction.

JRL