Monthly Market Report

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

Monthly Market Report for Indiana as of March 2024.

Supply

Inventory

Average daily inventory
March 2024
9,931
Expected range of 9,827-10,352 based on previous month
Month-over-month
-4%
Typical change ranges from -5% to +1% this month
Year-over-year
+9%

New Listings

Monthly total by listing date
March 2024
7,751
Expected range of 6,527-7,261 based on previous month
Month-over-month
+19%
Typical change ranges from +0% to +12% this month
Year-over-year
+1%

Sales

Closed Sales

Monthly total of closed sales
March 2024
6,212
Expected range of 5,125-5,657 based on previous month
Month-over-month
+21%
Typical change ranges from +0% to +11% this month
Year-over-year
-8%

New Pending Contracts

Monthly total of newly pended properties
March 2024
7,172
Expected range of 6,356-7,066 based on previous month
Month-over-month
+13%
Typical change ranges from -0% to +11% this month
Year-over-year
-0%

Market Momentum

Median Days on Market

Days from listing to pending
March 2024
18
Expected range of 22-28 based on previous month
Month-over-month
-31%
Typical change ranges from -14% to +8% this month
Year-over-year
+12%

Months of Inventory

Current supply versus 12-month sales average
March 2024
1.6
Expected range of 1.9-2.0 based on previous month
Month-over-month
-21%
Typical change ranges from -5% to +1% this month
Year-over-year
+18%

Price

Sale Price

Median monthly sale price
March 2024
$250,000
Expected range of $234,472-$248,606 based on previous month
Month-over-month
+5%
Typical change ranges from -1% to +5% this month
Year-over-year
+6%

Sale Price as Percent of Listing Price

Monthly average
March 2024
96.1%
Expected range of 95.0%-95.8% based on previous month
Month-over-month
+1%
Typical change ranges from -0% to +1% this month
Year-over-year
+0%