Insiders Report Balancing Market In Fort Wayne For February 2025
Fort Wayne Area Real Estate Market Update – February 2025
The Fort Wayne housing market in February 2025 showed a mix of trends, with a decline in sales activity but a slight increase in home prices. Let’s take a closer look at the key statistics and what they mean for buyers and sellers in our region.
Market Overview
📉 New Listings: 578 (-3.0% YoY)
📉 Pending Sales: 545 (-11.0% YoY)
📉 Closed Sales: 501 (-7.0% YoY)
📈 Median Sale Price: $230,000 (+2.0% YoY)
February saw fewer new listings compared to last year, with a slight 3% drop. This limited supply contributed to a rise in median home prices, which increased by 2% year-over-year to $230,000. However, both pending and closed sales declined, reflecting a slowdown in buyer activity.
Inventory and Market Pace
🏡 Total Inventory: 1,098 homes (+29% YoY)
📅 Median Days on Market: 28 days (+70% YoY)
📉 Months of Inventory: 2.2 months (+38% YoY)
Despite the drop in sales, inventory levels are up significantly (+29% from last year), offering more options for buyers. However, homes are taking longer to sell, with the median days on market increasing to 28 days, a 70% jump from February 2024. This indicates a shift toward a more balanced market, where buyers have more negotiating power than in previous months.
Price Trends and Affordability
💰 Sale Price as a % of List Price: 95.5% (unchanged YoY)
While home prices have risen, sellers are accepting slightly lower offers, with sale prices averaging 95.5% of the asking price. This suggests that while demand remains strong, buyers are negotiating more aggressively.
What This Means for Buyers & Sellers
🔹 For Buyers: With inventory levels increasing and homes staying on the market longer, you may have more negotiating power than before. However, with median prices still rising, it’s important to act quickly when you find the right home.
🔹 For Sellers: While prices are holding steady, the market is cooling slightly, meaning proper pricing and strategic marketing are essential. Homes that are priced competitively and well-presented will attract buyers more quickly.
Final Thoughts
The Fort Wayne real estate market is transitioning from a hot seller’s market to a more balanced one. While home values continue to appreciate, buyers are becoming more selective, and inventory is rising. Whether you’re looking to buy, sell, or invest, staying informed on market trends is crucial.
Looking to make a move? Contact me today for expert guidance on buying or selling in Fort Wayne!
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Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.
Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business.
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Want to experience the difference for yourself? Call or text me today at 260-579-1516.
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Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.
Hoosier Home Listings by RE/MAX Results, is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.
Hoosier Home Listings… Insiders Report Balancing Market In Fort Wayne For February 2025…
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.
The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to RE/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.
