Dilling Group Real Estate

INDIANA REAL ESTATE IS VERY HEALTHY!

Statewide home sales had their biggest April since 2022 while more listings hit the market than any single month since June 2022 with mortgage rates running more than forty basis points below 2025 over the last six weeks.

April closed sales finished 3% ahead of 2025 at 7,106; new pending sales (8,591) were up 8% year-over-year.
Homes sold for a median of $274,400, 4% higher than April 2025 and representing 96.3% of original list price; the median price per square foot for existing homes has risen 3% over the last twelve months.

Sellers were eager to capitalize on positive price growth and equity gains last month with 10,798 new listings, 11% higher than 2025.

Year-to-date, more homes have come to market in 2026 than any year since 2019 with 33,030 new listings through April; total inventory was 14% higher than 2025 with 14,829 homes for sale on an average day last month.

Even with higher supply, homes went under contract in 15 days, closing the gap with 2025 (17 days from listing to pending last April).

Improved mortgage rates have also helped affordability: Even with the median sale price up 3% year-to-date, Indiana’s median monthly mortgage payment is lower than 2025 – buying power is keeping up with price appreciation.

The Dilling Group and United Real Estate Indianapolis are excited to participate in this year’s Indy Pride Parade! We’re proud to celebrate and support our community, and we would love for you, your family, and friends to join us for this fun and meaningful event. Kids and dogs are absolutely welcome!

We’ll share more details as we get closer to the parade, but in the meantime, please RSVP with me as soon as possible and include your T-shirt Size so we can make sure everyone is accounted for.

We can’t wait to celebrate together and show our pride as a team and community!

REAL ESTATE MARKET UPDATE - Housing conditions remain favorable for buyers as inventory levels continue to improve over last year. Prices are generally trending lower, but we are seeing "micro-markets" where prices are very strong and multiple offers are still occurring. Even with the mortgage interest rate volatility, the market is offering more options and improved negotiating power this spring.