🔥 Indy Metro Market Update: Spring Surge is Here! 🔥
The spring housing market has officially arrived in the Indianapolis Metro area—and it’s not creeping in, it’s roaring!
Let’s take a quick look at what’s happening right now:
🏡 Median Sales Price
The median sales price in our market is now $299,000, which is up 3.9% from this time last year and up 0.4% from last month.
That steady upward trend tells us prices are continuing to grow at a healthy, sustainable pace.
📉 Closed Sales
We’re seeing closed sales down slightly year-over-year at -1.1%, but they’ve made a huge leap month-over-month—up 28%.
That’s a big indicator that buyer activity is heating up as we head into the spring season.
📆 Median Days on Market
Homes are spending 13 days on the market, which is up 44% from last year, but that’s not the full story. Compared to just last month, we’ve seen a sharp drop of 43.5%.
In other words, homes are selling much faster now than they were just a few weeks ago.
📈 New Listings & Active Inventory
Inventory is growing—but not fast enough.
New listings are up 37% from last month, and active inventory is up 19.2% compared to this time last year.
That's encouraging, but...
📦 Months of Inventory
...we still only have 1.7 months of supply, down from 2.2 months in February 2025.
For context, a balanced market is six months of inventory.
We’re still deep in a seller’s market. And that low supply will continue to keep upward pressure on home prices and competition.
💰 Percent of List Price Received
Sellers are getting nearly what they’re asking for, with homes closing at 98.1% of list price.
This number has remained remarkably steady—98.2% in March and 97.8% in February—a sign of a robust and resilient market.
What Does This Mean for Buyers and Sellers?
➡️ Sellers – If you’ve been thinking about listing, now is the time. Demand is strong, competition from other sellers is low, and buyers are serious.
➡️ Buyers – Be prepared. The market is fast-moving, and well-priced homes are getting scooped up quickly. Have your financing ready and work with a skilled agent (👋) who knows how to navigate this competitive environment.
The single most important number to watch? Inventory. And right now, we simply don’t have enough homes on the market.
p.s. Have questions about your home’s value or what these numbers mean for you?
Reach out right here and let's talk!
With Gratitude,
Miriam
