All Reports Monthly Market Report MIBOR • January 2026 • All

Monthly Market Report

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

 Quick Summary

Generating summary...

Monthly Market ReportMIBORJanuary 2026

Supply

Inventory

Average daily inventory
January 2026
5,506
Expected range of 6,703–7,409
Month-over-month
-9%
Typical change is about +23%
Year-over-year
+22%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

New Listings

Monthly total by listing date
January 2026
2,344
Expected range of 1,828–2,020
Month-over-month
+48%
Typical change is about +5%
Year-over-year
+2%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Sales

Closed Sales

Monthly total of closed sales
January 2026
1,548
Expected range of 2,257–2,494
Month-over-month
-38%
Typical change is about +7%
Year-over-year
-7%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

New Pending Contracts

Monthly total by pending date
January 2026
2,284
Expected range of 1,735–1,918
Month-over-month
+33%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Market Momentum

Median Days on Market

Days from listing to pending
January 2026
49
Expected range of 36–40
Month-over-month
+9%
Typical change is about +35%
Year-over-year
+17%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Months of Inventory

Current supply versus 12-month sales average
January 2026
2.1
Expected range of 2.6–2.8
Month-over-month
-9%
Typical change is about +69%
Year-over-year
+19%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Price

Median Sale Price

Median monthly sale price
January 2026
300,000
Expected range of 266,336–294,372
Month-over-month
-3%
Typical change is about -2%
Year-over-year
+3%
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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Sale Price as Pct. of List Price

Monthly average
January 2026
93.6%
Expected range of 93.6%–95.5%
Month-over-month
-1%
Typical change is about -0%
Year-over-year
-1%
View source and notes...

Last update: Feb. 8, 2026, midnight 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. MIBOR includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Demographics

Affordability