Monthly Market Report

Monthly totals, trends, and year-over-year comparisons

Monthly Market Report for Indiana as of June 2024.

Supply

Inventory

Average daily inventory
June 2024
11,870
Expected range of 10,720-11,275 based on previous month
Month-over-month
+9%
Typical change ranges from -2% to +3% this month
Year-over-year
+24%

New Listings

Monthly total by listing date
June 2024
8,895
Expected range of 9,264-10,413 based on previous month
Month-over-month
-7%
Typical change ranges from -4% to +8% this month
Year-over-year
-5%

Sales

Closed Sales

Monthly total of closed sales
June 2024
6,898
Expected range of 7,252-8,072 based on previous month
Month-over-month
-7%
Typical change ranges from -2% to +9% this month
Year-over-year
-14%

New Pending Contracts

Monthly total of newly pended properties
June 2024
7,401
Expected range of 7,155-7,972 based on previous month
Month-over-month
-1%
Typical change ranges from -4% to +6% this month
Year-over-year
-2%

Market Momentum

Median Days on Market

Days from listing to pending
June 2024
10
Expected range of 8-10 based on previous month
Month-over-month
+11%
Typical change ranges from -6% to +14% this month
Year-over-year
+67%

Months of Inventory

Current supply versus 12-month sales average
June 2024
1.7
Expected range of 1.4-1.5 based on previous month
Month-over-month
+17%
Typical change ranges from -2% to +3% this month
Year-over-year
+44%

Price

Sale Price

Median monthly sale price
June 2024
$272,900
Expected range of $261,347-$276,476 based on previous month
Month-over-month
+3%
Typical change ranges from -1% to +4% this month
Year-over-year
+7%

Sale Price as Percent of Listing Price

Monthly average
June 2024
97.2%
Expected range of 96.9%-97.7% based on previous month
Month-over-month
+0%
Typical change ranges from -0% to +0% this month
Year-over-year
-1%