Inventory is still rising in these counties

In most counties, inventory has reached its seasonal peak and started to fall. Listings outpaced new contracts all summer, which drove up inventory. But in the last four weeks, listings are evenly matched with new contracts, and inventory is starting to fall.

Suburban Counties in Southern Indiana

Floyd, Clark, and Harrison counties all have a rising inventory trend. In Clark County, this is driven by a remarkably steady listings trend. From August to mid-November, an average of 62 homes were listed every week, and this only changed by about 10% from week to week. (For the real nerds, the rolling six-week standard deviation was 6.5 listings from September to mid-November.)

Rural Counties in Northeastern Indiana

Outside of Fort Wayne, Huntington County has a slightly rising level of inventory—80 homes on the market in the last three weeks compared to 78 homes in the prior six weeks. This county looks like inventory will start to fall. It is just peaking later than most of the state.

Wabash County has a very unique trend: inventory peaked in June, bottomed-out in early November, and has been rising since. When we look at long-term trends, Wabash County usually has its inventory peak in the fall, like most counties. But this year, there were twice as many listings as normal in May.

Rural Counties in East Central Indiana

In Rush County, Shelby County, and Decatur County, inventory is trending upward in recent weeks. For example, in Rush County, inventory peaked in September, fell for two months, and has started to bounce back. This tracks with listings, which totaled 20 listings every four weeks in mid-September, fell to 10 listings in mid-November, and has since risen to 15 listings every four weeks.