Since the start of the pandemic, Midwest housing markets saw a significant drop in inventory, reaching about a 50% decline in 2021 before moderating in 2022.
Indianapolis experienced an unprecedented surge in inventory starting July 2022, peaking at a remarkable 91.3% year-over-year growth in March 2023, showing a significant recovery in housing availability.
Despite a slow start in 2023 for pending sales, with most Midwest cities registering a drop of around 25%, some such as Milwaukee are now experiencing notable gains in 2024.
Median home prices in the Midwest have generally increased since the pandemic, with cities like Cleveland and Detroit leading in annual price rises, while others like Madison and Indianapolis have seen declines.
Collection
[
|
...
]