FORT WAYNE, Ind. (June 15, 2026)—The northeastern Indiana housing market gained momentum in May, with more homes going under contract and closing compared to May 2025, according to the Upstate Alliance of REALTORS® Multiple Listing Service Inc. (UPSTAR MLS).
Closed sales increased 4% year-over-year to 727 homes and were up 10% from April, showing a strong seasonal pickup in buyer activity. Pending sales also rose 5% compared to last year, reaching 757.
At the same time, new listings fell 11% year-over-year to 897. With fewer new listings and steady buyer demand, homes moved quickly, taking only 11 days on average to go pending.
Quick Summary
- Closed sales are up 4% compared to last year, while new listings are down 11% year-over-year. This means homes are selling faster, taking only 11 days on average to go pending.
Market Snapshot — May 2026
- New Listings: 897, down 11% year-over-year
- Pending Sales: 757, up 5% year-over-year
- Closed Sales: 727, up 4% year-over-year and up 10% from April
- Median Sales Price: $265,000, up 7% year-over-year
The median sales price increased 7% from May 2025 to $265,000, reflecting continued price growth in a market where demand remains resilient and new inventory remains limited.
Mortgage rates continued to hover in the mid-6% range heading into June. Freddie Mac reported the average 30-year fixed-rate mortgage at 6.48% as of June 4, slightly below the prior week and below the same period last year. Regional economic conditions also continue to support housing demand, with the Fort Wayne-area labor market remaining stable.
Market Takeaway: Northeastern Indiana continues to show resilience. Even with fewer new listings, both pending and closed sales increased year-over-year, indicating that buyer demand remains strong and homes that are priced and prepared well are moving efficiently.
The May 2026 Monthly Market Report provides consumers with year-over-year comparisons of key housing market indicators. To view the full report and access additional market data, visit https://upstarindiana.com/market-insights/.
ABOUT UPSTAR MLS
The May 2026 Monthly Market is published by the Upstate Alliance of REALTORS® Multiple Listing Service Inc. (UPSTAR MLS), a subsidiary of the Upstate Alliance of REALTORS®. The report is based on Residential Detached Single-Family homes, townhomes, and condominiums as reported to the Indiana Regional Multiple Listing Service (IRMLS) and collected by the IAR MLS Data Warehouse. The report may not reflect all real estate activity in the marketplace.
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