"Indiana homes sold 17.6% faster year-over-year in the week ending Nov. 29, with absorbed listings jumping to 1,780 from 1,514. Nearly half of active listings (47.7%) featured price reductions across the state's tracked metros, creating favorable conditions for buyers entering the traditionally slower holiday season. The surge in buyer activity came as median list prices reached $293,900, down 0.3% from $294,900 a year earlier. Homes spent a median 49 days on market, unchanged from last year but well below the national median of 70 days."
"The state maintained slight seller-favorable conditions with 1.8 months of supply. Active listings climbed to 13,651 homes, up 17.6% from 11,604 a year ago. New listings for the week totaled 1,314 properties while 1,780 homes went under contract or sold. The absorption rate outpaced new inventory by 35.4%, indicating strong buyer demand despite the holiday timing. Price reductions played a key role in market velocity. With 47.7% of active listings featuring cuts, sellers adjusted expectations to meet buyer demand."
Indiana homes sold 17.6% faster year‑over‑year in the week ending Nov. 29, with absorbed listings rising to 1,780 from 1,514. Nearly half (47.7%) of active listings featured price reductions, supporting increased buyer activity during the holiday season. Median list price reached $293,900, down 0.3% year‑over‑year. Homes spent a median 49 days on market, well below the national 70‑day median. Active listings climbed 17.6% to 13,651, while months of supply remained 1.8. The absorption rate exceeded new inventory by 35.4%, and price per square foot was $157 versus $214 nationally.
Read at www.housingwire.com
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