Insiders Report Slower Growth and Higher Buyer Confidence As Spring Market Picks Up In Fort Wayne – March 2025
Slower Growth and Higher Buyer Confidence As Spring Market Picks Up
March 2025 Market Update: Inventory Up, Closings Down, and Buyers Still Active in NE Indiana
The spring market is waking up across Northeast Indiana, and March’s numbers give us a lot to unpack. According to the latest report from the Upstate Alliance of REALTORS® (UPSTAR), the Fort Wayne region is seeing a mixed but active market heading into Q2.
Key Highlights:
Median Price: Rose slightly to $245,000, a modest 1% year-over-year increase, but up 7% from last month.
New Listings: 773 homes hit the market in March — a 6% increase from last year and a strong 34% jump from February. Sellers are clearly sensing opportunity.
Pending Sales: 690 homes went under contract — up 7% year-over-year and 27% month-over-month, signaling strong buyer interest.
Closed Sales: Dropped to 562, a 4% dip from March 2024. Closings haven’t caught up to pendings yet, but that could change as April progresses.
Inventory: Averaged 1,017 active homes, a 28% increase from March 2024 — more options for buyers, but still a tight supply overall.
Median Days on Market: Homes sold faster, averaging just 16 days, although that’s nearly double the pace from a year ago.
Months of Inventory: Climbed to 1.8 months, up 34% year-over-year, but still well below what’s considered a balanced market (5-6 months).
Sale-to-List Price Ratio: Held steady at 96.6%, showing buyers are negotiating a bit more, but sellers are still getting close to asking.
What This Means for You:
- Sellers: Listing now means tapping into a market with rising buyer activity and less competition than we typically see in late spring. With days on market still low and sale prices holding firm, it’s a strong time to list.
- Buyers: While prices are ticking up slightly, increasing inventory gives you more choices. Acting quickly is still key, as most homes are under contract in just over two weeks.
- Investors & Upgraders: With pending sales climbing and inventory loosening up, this could be the window you’ve been waiting for — before prices rise more significantly later in the year.
📊 Need help interpreting these numbers for your own real estate goals? Whether you’re buying, selling, or just exploring options, let’s connect and build a strategy that works for today’s market.
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📱 Call/text Michael Archbold, REALTOR® | RE/MAX Results (260)579-1516
📍 Fort Wayne & Northeast Indiana Market Specialist
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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 Slower Growth and Higher Buyer Confidence As Spring Market Picks Up In Fort Wayne – March 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.
