Fall Housing Market Snapshot: Steady Prices, More Inventory & New Listings
- Emily Ewing
- 6 hours ago
- 2 min read
As the seasons change and the year begins to wind down, we're excited to bring you the latest market insights, showcase our newest listings, share valuable home safety tips to help you enjoy a safe fall season and highlighting community events. We are especially thankful for our
wonderful clients who continue to trust us with their real estate goals. Your confidence and support inspire us to serve our community with dedication, care, and gratitude every day!
REAL ESTATE UPDATE - MARKET MOVEMENT FLUCTUATES
Late fall/winter are notorious for a slower market. A Lending Tree study found that homebuyers in January 2024 paid about $23,000 less for a 1,500- square-foot home compared to those buying in May, the most expensive month of the year. From 2015 to 2024, summer accounted for the largest share of home sales (29.1%), while winter saw the fewest (20.2%), showing that most Americans prefer to buy in warmer months. This data is no surprise to us!
The market continues to show signs of stabilization rather than runaway growth: statewide median sale price is around $238,009 for homes sold over the past 12 months, according to a recent overview. Property Focus Sales activity has remained somewhat muted with inventories growing, giving buyers somewhat more options and less intense competition. For example, statewide listing activity is up and homes are spending longer on the market relative to the frenzy of the last few years. At the same time, while prices are still rising year- over-year, the pace is modest and buyers may have a little more room to negotiate compared to the tightest peaks
of the market.
Whether you're thinking about buying, selling, or just curious about your home's value, let's connect and make a plan that works for you. You can still sell your home in this market. It just takes strategy and skill from your local real estate agent! Stay updated on Allen County Real Estate with Emily Ewing at Fort Wayne Business Journal Monthly!
