Monthly Market Report

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

 Quick Summary

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Monthly Market ReportIndianaJanuary 2026

Supply

Inventory

Average daily inventory
January 2026
15,448
Expected range of 17,205–19,016
Month-over-month
-10%
Typical change is about +23%
Year-over-year
+13%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: A listing counts in inventory if its status is active, not pending or sold. Inventory fluctuates constantly, so we calculate the monthly measure as the inventory at the start of each day average across the entire month.

New Listings

Monthly total by listing date
January 2026
6,359
Expected range of 4,691–5,185
Month-over-month
+40%
Typical change is about +5%
Year-over-year
+3%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: Listings may be posted to an MLS system after their listing date. Historically, 92% of listings are posted within three days and 99% within seven days.

Sales

Closed Sales

Monthly total of closed sales
January 2026
4,174
Expected range of 5,792–6,401
Month-over-month
-36%
Typical change is about +7%
Year-over-year
-5%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: Sales may be posted to an MLS system after their closing date. Historically, 79% of listings are posted within three days and 96% within seven days.

New Pending Contracts

Monthly total by pending date
January 2026
5,504
Expected range of 4,454–4,923
Month-over-month
+25%
Typical change is about -2%
Year-over-year
-1%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: While not all pending contracts result in a closed sale, they are a very strong predictor of sales trends five weeks in the future. Pending contracts may be posted to an MLS system after their pending date. Historically, 81% of listings are posted within three days and 92% within seven days.

Market Momentum

Median Days on Market

Days from listing to pending
January 2026
45
Expected range of 34–37
Month-over-month
+12%
Typical change is about +19%
Year-over-year
+12%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: This is calculated as the difference between listing date and pending date. To filter out erroneous data, this filters out listings with a pending date before 2017. There is delay in entering pending dates, so recent months represent only the portion of sales with a pending date.

Months of Inventory

Current supply versus 12-month sales average
January 2026
2.3
Expected range of 2.6–2.9
Month-over-month
-9%
Typical change is about +14%
Year-over-year
+11%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: Months of inventory is calculated as the current month's supply ÷ the average sales per month over the previous 12 months.

Price

Median Sale Price

Median monthly sale price
January 2026
250,000
Expected range of 248,818–275,009
Month-over-month
-5%
Typical change is about -2%
Year-over-year
+0%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. The median price represents the middle value of all properties sold. Half of sales had a higher price and half had a lower price.

Sale Price as Pct. of List Price

Monthly average
January 2026
93.6%
Expected range of 9,320.9%–9,509.2%
Month-over-month
-1%
Typical change is about +9834%
Year-over-year
-1%
View source and notes...

Last update: Feb. 8, 2026, 11:30 a.m. Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors.

Demographics

Affordability