Inventory on the Southeast Side has tightened in this rolling three-month view, with active listings down compared with last year and only 7 homes on the market. New listings have also fallen year over year, while pending sales are higher, showing that a larger share of the limited inventory is going under contract. Months of supply is extremely low at 0.4, far below the 3.4 months seen across Evansville, and aligns with the area’s seller’s market designation.
Pricing has been adjusting even as buyer interest persists. The typical home value over the latest three months is about $135,000, down notably from a year ago, yet the median list price has climbed sharply year over year, indicating sellers are testing higher asking prices despite softer sale prices.
Buyer activity has picked up compared with last year, with homes sold more than doubling, but properties are taking longer to go under contract as the median days on market has risen to 41 days. No recent sales closed above list price and the average sale-to-list ratio has slipped to just under 90 percent, signaling more room for negotiation on final terms. With conditions shifting between tight inventory and evolving pricing, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands the Southeast Side’s current dynamics.
